BUSINESSSCMP WORLD
China extends gold-buying binge to 20th month amid Beijing’s de-dollarisation push
China’s central bank extended its gold-buying streak to 20 consecutive months in June, adding 480,000 troy ounces to its reserves. The total gold holdings reached 75.44 million troy ounces, reflecting Beijing’s efforts to diversify foreign-exchange reserves amid de-dollarisation discussions.
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