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China's central bank extends gold-buying streak to 19th straight month
China's central bank expanded its gold reserves for the 19th consecutive month in May, adding 320,000 ounces to reach 74.96 million ounces (approximately 2,332 tonnes), according to data released by the People's Bank of China on June 7, 2026. China's total foreign exchange reserves reached $3.44 trillion by the end of May. Globally, gold has overtaken the US dollar as the leading reserve asset. According to the European Central Bank's annual report on the international role of the euro released on June 2, gold accounted for 27% of total global official reserves by the end of 2025, while the share of US Treasury bonds ... (full story)
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- Jun 7, 6:44pm | 1 hr 59 min ago Posted byFundamental Analysis64
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