NGT:CC - China Bumps Up Gold Reserves for 10th Straight Month

China has increased its gold reserves for the 10th month in a row, extending its efforts to diversify from the greenback by building up a massive stockpile of gold. The People’s Central Bank of China revealed last week that its gold holdings went up by 930,000 troy ounces (29 tons) last month, bringing the country’s total gold reserves to around 2.165 tons.

China has been at the forefront of a historic gold-buying run by central banks in recent months, adding around 217 tons of gold to its...

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