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China's PBOC Keeps Gold Buying on Hold as Prices Reach Record

By Yahoo! Finance   |   Sep 6, 2024 at 10:44 PM EST
China's PBOC Keeps Gold Buying on Hold as Prices Reach Record

China's central bank did not increase its gold reserves in August for the fourth consecutive month, as prices hit record highs. The halt in buying reflects global central bank demand being affected by soaring prices, despite analysts predicting continued central bank purchases driving gold prices higher this year.

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