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China continues to pile into gold as reserves climb for a 17th straight month

From investinglive.com

In terms of value, China's reserves in gold declined on the month but that is to be expected amid the rout in precious metals since the US-Iran conflict started. That as broader market sentiment deteriorated and we see liquidations come about. But in terms of reserves quantity, that continues to see an uptick with this being the 17th straight month of buying by Beijing. It really doesn't come as a surprise with China being arguably the biggest buyer out there for a while now. In any case, I've already said this last month but it is worth repeating that: "Going back to China's holdings, do be reminded that the ... (full story)

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