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Central Banks Just Love Gold and It's Going to Stay That Way

  • China has ‘plenty of room’ to increase its holdings, ANZ says
  • Purchases have climbed amid global growth slowdown, trade war
Swiss Gold Bars Inside Solar Capital Gold Zrt. As Gold Climbs To One-Year High
Photographer: Akos Stiller/Bloomberg
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Bloomberg News
Updated on

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A major gold-buying spree by central banks is likely to persist in the coming years, according to Australia & New Zealand Banking Group Ltd., which flagged the potential for further purchases by nations including China.