China Extends Gold Buying Streak to Seven Months, Reserves Hit 73.83M Ounces
Key Points
- China is on a seven-month gold buying spree, holding 73.83 m...
Hey there, market mavens! Looks like China's back at it again, hoarding gold like it's going out of style. Fresh data dropped today shows they've been on a seven-month shopping spree that would make any commodity trader blush.
All That Glitters Is Definitely Gold
The People's Bank of China now sits pretty on a whopping 73.83 million fine troy ounces of the shiny stuff. Though interestingly, their gold stash actually lost some value on paper - dropping from $243.59 billion in April to $241.99 billion by May's end. Talk about a sale price!
Playing Hard to Get with the Dollar
Let's be r...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.