July 20, 2024

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China Halts Gold Buying for Second Consecutive Month

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China Halts Gold Buying for Second Consecutive Month
China Halts Gold Buying for Second Consecutive MonthChina’s central bank, the People’s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold purchases that began in November 2022 and contributed to record-high gold prices. PBOC Pauses Gold Accumulation After 18-Month […]