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