China stretched its gold-buying spree into the 7th straight month in May, signaling more central bank de-dollarization
for gold has yet to abate as China amassed more of the yellow metal in May, Bloomberg reported, stretching its buying spree into the seventh month. of the reserve commodity last month, continuing a trend started in November. Through the preceding six months, China acquired 144 tons of gold, and has now amassed 2,092 tons.
Foreign efforts to boost stockpiles of the metal follow a growing move away from the US dollar as a reserve currency.
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