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

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DW NOTE

China bought another 160,000 troy ounces in September — the sixteenth consecutive month of reported purchases. The PBOC now holds 73.29 million troy ounces on the books, up 3.9% year-over-year while the yuan has fallen 2.1% against the dollar in that span. Gold at $4,194 is off 21% from January's peak, but Beijing keeps buying into the drawdown.

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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

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

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