šŸ‡ØšŸ‡³China continues to hoard gold šŸ’°

The People’s Bank of China bought about 20 tons of gold in August—its largest monthly addition since October 2023—continuing its purchases for the 22nd consecutive month.

šŸ›” China’s official gold reserves have reached about 2,387 tons, clearly continuing a policy of diversifying reserves.

šŸ’“ China keeps buying even as gold prices rise… so what would it do if they dropped further?