A post by @FirstSquawk on X.
China Increases Gold Holdings to 78.30 Million Troy Ounces in October: Central Bank
@FirstSquawk on X
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China’s central bank raised its gold reserves to 78.30 million troy ounces in October, extending a sustained accumulation trend. The increase keeps Beijing among the largest official gold holders and signals continued diversification away from dollar-denominated assets. The October build follows months of steady purchases that have supported global gold demand and prices. Traders will watch whether the pace of buying accelerates or slows in coming months, and how it affects bullion markets already sensitive to central-bank demand.
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People's Bank of China, gold (XAU), China
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