China’s Central Bank Buys More Gold as Prices Hit Record
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China’s central bank expanded its gold reserves for a third month in January, even as the precious metal kept rallying to a record high.
Bullion held by the People’s Bank of China rose by 0.16 million troy ounces last month, according to data released Friday. The central bank resumed adding gold reserves in November after a six-month halt that followed an 18-month buying spree.