GOLD NEWS

China's central bank has been a big buyer of gold. Will it continue?

Fri July 26 2024

The People's Bank of China has become a leading buyer of gold, and its relatively low exposure to the precious metal gives it room to pile on more.

Getting a clear picture of the central bank's moves in the market is difficult. Gold dealers around China clam up when the topic is broached in interviews or conversation. The PBOC's monthly data on its foreign exchange reserves offers one of the few windows into its activity.

Source: https://asia.nikkei.com/