China's Central Bank extends gold purchases to the 24th month
Original headlineÇin Merkez Bankası altın alımlarını 24'üncü aya taşıdı
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China’s central bank raised its gold reserves by about 25.8 tonnes in October, extending its buying streak to a 24th consecutive month. The People’s Bank of China has sustained purchases through a period of record-high bullion prices, underscoring official demand as a key support for the market. The move matters because central-bank buying has been a major driver of gold’s rally, and investors will watch whether the PBoC maintains the pace in coming months.
Muhabbit's AI wrote this summary in its own words from Ekonomim's report and translated it from Turkish. It can get details wrong, so check the source.
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People's Bank of China, gold (XAU)
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