China's Central Bank Increases Gold Reserves as Prices Reach Near-Record Levels

In a significant maneuver signaling its confidence in gold as a financial asset, China’s central bank has ramped up its gold purchases. This strategic decision comes as global gold prices hover close to historic highs, reflecting broader market trends and economic uncertainties. Recent data indicates that China's gold reserves increased by approximately 32 tons over the period, fortifying its position as one of the largest holders of gold in the world.

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