China’s gold accumulation has shown persistent growth

Based on data released on Wednesday by the People’s Bank of China, the nation’s gold holdings increased by approximately 16 tons in May.

This surge in gold accumulation brings China’s total stockpile to approximately 2,092 tons, following an additional acquisition of 144 tons between November and the previous month.

Amidst escalating geopolitical uncertainty and ongoing global inflation, central banks worldwide set a new record in gold purchases last year, Zero Hedge reported.

READ MORE: https://www.zerohedge.com/geopolitical/chinas-persistent-gold-accumulation-seven-month-surge-holdings

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