Reported 1 day ago
China has continued to expand its gold reserves for the sixth consecutive month, with April seeing an increase of about 70,000 troy ounces. This trend is part of a broader strategy to diversify away from the US dollar amidst rising gold prices and the ongoing trade war. Central banks have intensified gold purchases since 2022, and as the People's Bank of China increases its holdings, the appetite for gold among domestic investors is also rising.
Source: YAHOO