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China’s central bank buys gold for 12th straight month

Kitco Media
By Reuters
Published:
Updated:
Reuters
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China’s gold holdings increased to 74.09 million fine troy ounces at the end of October from 74.06 million in the previous month, as the central bank extended a bullion buying spree to the 12th consecutive month.

China’s gold reserves were valued at $297.21 billion at the end of last month versus $283.29 billion before, data from the People’s Bank of China showed on Friday.

(By Qiaoyi Li and Ryan Woo; Editing by Christian Schmollinger)

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