PBOC boosts gold buying with largest monthly purchase since 2023 - KITCO
PBOC boosts gold buying with largest monthly purchase since 2023 - KITCO
Source: KITCO
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DW NOTE
The PBOC's largest monthly gold purchase since 2023 comes as its currency faces sustained pressure from capital flight, a $1.4 trillion U.S. deficit, and Fed rates held at 3.5% while Chinese growth stalls. Central banks don't accumulate gold because they expect stability — they do it because they've stopped believing in each other's paper.