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China Continues To Boost Gold Reserves

China, the world’s second-largest economy, increased its gold reserves in March for a fifth month in a row, as central banks globally continue to pile up reserves of gold in the face of high inflation and heightened geopolitical risks. The People’s Bank of China boosted its gold reserves by around 18 tons last month, per data from the central bank cited by Bloomberg. The officially reported Chinese reserves of gold now stand at 2,068 tons, having increased in each of the past five months. That’s the longest period in which…

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