People's Bank of China Extends Gold-Buying Streak to 16 Months

2026-03-07 22:01

The People's Bank of China has continued its gold acquisition strategy, marking 16 consecutive months of purchases. This sustained buying spree underscores China's ongoing efforts to diversify its reserves amid global economic uncertainties. The central bank's consistent accumulation of gold highlights its strategic focus on bolstering financial stability and reducing reliance on the U.S. dollar.

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