China Halts Gold Buying for Second Consecutive Month






Chinaโ€™s central bank, the Peopleโ€™s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold purchases that began in November 2022 and contributed to record-high gold prices. PBOC Pauses Gold Accumulation After 18-Month [โ€ฆ]

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