China stashing away more gold - bullion reserves up for a 5th straight month

Author: Eamonn Sheridan | Category: News

This from Bloomberg but conveyed via Golf press

China's central bank boosted bullion reserves for a fifth straight month
  • biggest inflow since 2016
  • reinforcing speculation that purchases will be sustained.
The People's Bank of China raised reserves to 61.1mn ounces in April from 60.62mn a month earlier
  • last month's inflow totalled 14.9 tonnes and the increase follows the addition of almost 43 tonnes in the four months through March.
  • Central-bank buying has emerged as a key trend in the global market, and first-quarter purchases were the highest in six years

Here is the link for more for the gold people. 

China gold buying
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