China Buys 600,000 Ounces Of Gold In July – Annualised 225 Tonnes Per Year

Friday, August 14, 2015
By Paul Martin

By: GoldCore
Friday, 14 August 2015

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In a surprise announcement, China’s PBOC announced an increase in their gold reserves by 1.1% in July. The People’s Bank of China, now the world’s biggest gold buyer, increased its gold reserves by over 6000,000 troy ounces to 53.93 million fine troy ounces by the end of July from 53.32 million ounces a month earlier, according to data released by the central bank.

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