✉news BusinessBanking first seen 12 h ago, last 9 min ago, peak #3

China's Central Bank Buys Gold Again in September

Original: China’s Central Bank Adds Gold in September as Bullion Weakens

China's central bank continued adding to its gold reserves in September, even as bullion prices weakened, according to Bloomberg and Yahoo Finance reporting. The purchase signals Beijing's ongoing effort to diversify its reserves away from the US dollar, a strategy watched closely by gold market analysts.

Why now: China's continued gold buying during a price dip fuels debate over reserve diversification and support for bullion prices.

People's Bank of ChinaChinagold

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Evidence

• China’s Central Bank Adds Gold in September as Bullion Weakens · Yahoo Finance UK
• China’s Central Bank Adds Gold in September as Bullion Weakens · Bloomberg.com

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