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China’s central bank didn’t buy any gold last month, ending a massive buying spree that had run for 18 months after the precious metal surged to a record high. Bullion held by the People’s Bank of China was unchanged at 72.80 million troy ounces in May, according to data released Friday. It’s the first time the country has opted not to add to its reserves ...
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Discover why the gold market has stabilized and China’s gold ETFs are leveling off. Learn how Western investors are rebalancing portfolios and why ‘smart investors’ are strategically buying silver and gold. The gold market seems to have calmed down somewhat after the run. In China, too, the number of outstanding ETFs with gold backing has stopped ...