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China's central bank buys 21 tonnes of gold in September
Original: China’s central bank buys 21 tonnes of gold in September, largest monthly purchase in 3 years
China's central bank purchased 21 tonnes of gold in September, its largest monthly buying in three years. The purchase signals Beijing's continued push to diversify reserves away from the US dollar and has drawn attention from gold market watchers, with analysts weighing its impact on global gold prices and demand.
Why now: Gold markets and investors are reacting to China's largest monthly bullion purchase in three years and what it signals for prices and reserve strategy.
People's Bank of ChinaChinagold
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- China’s central bank buys 21 tonnes of gold in September, largest monthly purchase in 3 years · Kitco
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