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Why Is China Buying So Much Gold? - MSNExperts told Newsweek that Beijing is responding to recent trade tensions, while also attempting to decouple its economy from the U.S.
Dow closes up 1,160 points as US and China agree to slash tariffs The U.S. temporarily cut tariffs on Chinese goods from 145% to 30%.
China’s central bank expanded its gold reserves for a seventh straight month in May, furthering its bid to diversify holdings despite ongoing price fluctuations.
The People’s Bank of China (PBoC) continues to buy unprecedented amounts of gold as the global financial is deleveraging.
China lifted its foreign exchange reserves by $3.6 billion in May, pushing the total up to $3.285 trillion, based on new figures released by Beijing’s foreign exchange regulator on Saturday.
"They're typically gone within a few hours," a Costco executive said. Costco, the wholesale retailer that offers everything from PlayStations to pizza slices, is now selling gold bars. Even more ...
China’s central bank added gold to its reserves for a fifth straight month in March, deepening its bet on the precious metal as a haven asset amid rising global trade and geopolitical turmoil.
Central banks added a net 20t to global gold reserves in May, an uptick from the previous month, though overall pace has ...
China's central bank has approved foreign exchange purchases by some commercial banks to pay for gold imports under recently increased quotas, two people with direct knowledge of the matter said ...
The price premium for gold in top consumer China above global benchmark spot prices widened this week due to consumers and investors seeking refuge from the country's escalating trade war with the ...
Gold prices hit another record high on Monday as tensions with China simmered and President Trump continued his attacks on Fed Chair Jerome Powell.
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