BUSINESSSCMP CHINA
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 (14.93 tonnes) to its reserves. Total gold holdings reached 75.44 million troy ounces (2,346 tonnes), reflecting Beijing’s de-dollarisation efforts and diversification of foreign-exchange reserves.
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