June 20, 2024

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China Halts Gold Buying in May, Ending 18-Month Buying Spree

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China Halts Gold Buying in May, Ending 18-Month Buying Spree
China Halts Gold Buying in May, Ending 18-Month Buying SpreeThe People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China Pauses Gold Buying in May China’s central bank, the People’s Bank of China (PBOC), paused its gold […]