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52FINANCE

China's central bank extends gold buying streak to 22 consecutive months

⚡ Markets: Provides a consistent source of demand for gold, offering price support. Reflects a long-term strategic de-dollarization trend by major non-Western economies.GoldXAUUSD

The People's Bank of China added another 650,000 troy ounces of gold to its reserves in August, marking the 22nd straight month of purchases. This continued accumulation is part of a broader trend of central bank diversification away from the US dollar.

West MSM: noneNon-West Ind. 1Financial press 12 countries
2 sources across the spectrum
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