China Is Buying Gold at Record Prices, Here’s Why

China’s central bank isn’t waiting for gold prices to cool off before buying. The People’s Bank of China (PBOC) added roughly 650,000 ounces, about 20.2 tonnes, to its gold reserves in August, its largest single-month increase since October 2023, even as prices sat near record highs. A 22-Month Buying Streak That August purchase extended China’s […] Read The Full Article China Is Buying Gold at Record Prices, Here’s Why On Coin Edition.