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China’s central bank didn’t buy any gold last month, ending a massive buying spree that ran for 18 months and helped push the precious metal to a record high in May. Spot prices for gold fell 1.5% after the People’s Bank of China said its bullion holdings were unchanged at the end of May. The bank had been stocking up its reserves since November 2022, ...
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The Perth Mint sold 23,238 troy ounces (oz) of gold and 796,934 oz of silver in minted product form during May 2024. Opening the month around USD 2,300, the gold price in US dollar terms generally tracked flat before jumping higher by 1.5% off the back of weaker US jobs data which reinforced the potential for a Fed rate cut. On May 20 bullion hit a record ...