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CHINA'S GOLD BUYING ACCELERATES TO 3-YEAR HIGH

CHINA'S GOLD BUYING ACCELERATES TO 3-YEAR HIGH

China's central bank added 21 tonnes of gold to official reserves in September, up from 18.5 tonnes in August and its largest monthly purchase in three years. That streak of consecutive monthly buying has pushed holdings to a record 2,196 tonnes. Gold-tracking funds like $GLD are a direct read on that institutional demand.

@55 Markets·1h ago·Source: kitco.com
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CHINA'S GOLD BUYING ACCELERATES TO 3-YEAR HIGH | @55 Markets