China’s 10-Ton Gold Purchase Shows That It Is Just as Hungry As Ever for This Time-Tested Reserve Asset
Despite moderating its pace slightly in January 2024, the People’s Bank of China (PBOC) remains a significant player in the global gold market. As Neils Christensen reported for Kitco News earlier today, the Chinese central bank purchased another 10 tonnes of gold in January. This purchase represents the 15th consecutive month of increasing official gold…