opinion

China Officially Adds to Gold Reserves as It Shifts Away from the US Dollar - SchiffGold.com

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DW NOTE

China bought 5 tonnes in September, the third consecutive month of purchases after a 19-month pause. The pause wasn't discretion — it was the price. Gold averaged $2,350 in the twelve months through March 2024; it peaked at $5,318 in January this year. Beijing resumed buying only after the 21.5% drawdown from that high made the entry tolerable. Central banks don't diversify on principle, they diversify when the markup is digestible.

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