China Bought 20 Tons of Gold in August, Its Biggest Haul in Nearly Three Years
China’s central bank’s gold reserves rose by 650,000 ounces of gold in August, its largest monthly addition since October 2023. The addition extends Beijing’s buying run to 22 straight months. Purchases sped up while gold posted its strongest monthly gain since January. Beijing Keeps Buying While Prices Run Hot Consecutive months of buying have transformed The post China Bought 20 Tons of Gold in August, Its Biggest Haul in Nearly Three Years appeared first on BeInCrypto.
Key Takeaways
- China’s central bank’s gold reserves rose by 650,000 ounces of gold in August, its largest monthly addition since October 2023.
- The addition extends Beijing’s buying run to 22 straight months.
- Purchases sped up while gold posted its strongest monthly gain since January.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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