Gold Price Today: China Buys 25.8 Tonnes as Gold Rebounds From October Crash
Photo: CaptainAltcoin
China significantly increased its gold reserves in October, and added another major source of support to a market that just recorded its strongest week in months. Official reserve data released on November 7 shows that China’s gold holdings increased from 77.47 million ounces in September to 78.30 million ounces in October. That is an increase of 830,000 ounces, or roughly 25.8 tonnes, and extends China’s gold-buying streak to 24 consecutive months. It was also China’s largest monthly addition since September 2023. China Bought More Gold Even as Prices Fell The timing is particularly interesting.
Source: CaptainAltcoin
