PBOC May Buy 215 Tons of Gold This Year, Barclays Forecasts

Updated on
  • Bullion-buying `impressive' as forex reserves drop, bank says
  • PBOC purchases may average 17.9 tons a month, bank estimates

China will press on with gold purchases this year and the central bank will probably scoop up more than 200 metric tons as the country seeks to diversify its reserves, according to an estimate from Barclays Plc.

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