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13.02.26 - 00:42
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China′s Central Bank Keeps Buying Gold... And Dumping US Debt (ZeroHedge)
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China's Central Bank Keeps Buying Gold... And Dumping US Debt
Authored by Andrew Moran via The Epoch Times,
China's ferocious appetite for gold is influencing the global metals market, and that demand is what will keep driving up metal prices, according to Michael Howell, founder of CrossBorder Capital.
The People's Bank of China's gold holdings totaled 74.19 million fine troy ounces by the end of January, up from 74.15 million in the previous month, according to recent central bank data.
Beijing's value of gold reserves also surged to $369.58 billion, from $319.45 billion in December 2025.
Gold accounts for almost 9 percent of China's total reserves, the World Gold Council estimates.
The metals market has been on a roller coaster ride over the past few months.
Gold prices are currently trading at about $5,000 per ounce—up by 17 percent this year—on the COMEX division of the New York Mercantile Exchange.
Silver, the sister commodity to gold, is hovering at about $80 per ounce. The wh...
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26.01.26 - 06:24
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China′s central bank to support HKMA in doubling of yuan liquidity for Hong Kong lenders (SCMP)
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China's central bank will support Hong Kong's monetary authority to double the amount of yuan liquidity available to local banks, helping them increase yuan lending and enhancing the city's role as an international offshore centre for the mainland currency.
People's Bank of China (PBOC) deputy governor Zou Lan said at the Asian Financial Forum (AFF) in Hong Kong on Monday that the central bank would provide more funding to allow the Hong Kong Monetary Authority (HKMA) to double the yuan......
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