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China's central bank buys gold for 11th straight month in September
China's central bank added to its gold reserves for the eleventh straight month in September, the People's Bank of China (PBOC) announced on Tuesday. China's gold reserves rose to 74.06 million troy ounces at the end of September, up from 74.02 million ounces at the end of August. The PBOC said the country's gold reserves were valued at $283.29 billion at the end of last month, up from $253.84 billion at the end of August. "A strong figure would reinforce the idea that China is keen to de-dollarize and accelerate its actions in that space," independent precious metals analyst Ross Norman told Reuters. "Further ... (full story)
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- Oct 7, 2025 3:29pm Posted byFundamental Analysis359
