Cryptocurrency Q&A
Why is China not buying gold?
Why is China not buying gold?
KatanaSwordsmanship
Sat Nov 02 2024
|
7 answers
1728
I've heard that China, as a major economic power, has been actively investing in various assets globally. However, I'm curious why they seem to be avoiding gold. Given its traditional role as a SAFE haven and hedge against economic uncertainty, why isn't China buying more gold?
7 answers
Valentino
Mon Nov 04 2024
In August, the bank maintained its gold holdings at 72.8 million fine troy ounces.
Was this helpful?
249
77
Federico
Mon Nov 04 2024
This decision marks a continuation of the bank's previous months' stance on gold purchases.
Was this helpful?
326
72
KpopStarlight
Mon Nov 04 2024
Despite the pause in acquisitions, the value of the bank's gold reserves has increased.
Was this helpful?
85
43
CryptoVanguard
Mon Nov 04 2024
China's central bank has halted its gold purchases for four months now.
Was this helpful?
320
23
Federica
Mon Nov 04 2024
The rise in the value of these reserves is attributed to the increasing price of gold.
Was this helpful?
242
34
Load 5 more related questions
