While all eyes are on the financial turmoil on both sides of the Atlantic, China is taking advantage of the situation to buy large quantities of gold. For the first time in several years, the People's Bank of China (PBoC) is once again publishing its purchasing data. This change in behavior is not insignificant, and testifies to the country's determination to establish itself as a major player in the gold market. According to official data, the Middle Kingdom is now the world's sixth largest holder of gold.
If you want to read the entire article,
https://goldbroker.com/news/china-makes-its-mark-on-the-gold-market-3101
If you want to read the entire article,
https://goldbroker.com/news/china-makes-its-mark-on-the-gold-market-3101
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