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China Reaffirms Tight Grip on Gold Market, Ushering in a New Monetary Era | Headline USA
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China Reaffirms Tight Grip on Gold Market, Ushering in a New Monetary Era | Headline USA
(Jan Nieuwenhuijs, Money Metals News Service) Without a doubt, the Chinese central bank (PBoC) is still the leading single entity that is driving up the gold price to record highs, year-to-date by more than 55 percent. In the third quarter of 2025, the PBoC’s gold purchases (reported and unreported) accounted for 118 tonnes, up 39% MoM and 55% YoY, according to my long-time methodology1 (now copied by Goldman Sachs, Bloomberg, MarketWatch, The W…
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