China’s PBOC Keeps Gold Buying on Hold As Prices Hit Record
This article is for subscribers only.
China’s central bank didn’t buy any gold for a third straight month in July, as the precious metal surged to record high.
Bullion held by the People’s Bank of China was unchanged at 72.8 million troy ounces at the end of last month, according to official data released on Wednesday. This is the third month of no reported purchases — the central bank in May ended an 18-month buying spree that helped drive strength in bullion.