China's Gold Demand Rises: Central Bank Buys as Lunar New Year Approaches China’s gold market kicked off 2024 marking its strongest January on record for wholesale gold demand at 271 tons. The People’s Bank of China (PBoC) continued its gold acquisition streak for the 15th consecutive month, adding 10 tons to its reserves, now totaling 2,245 tons. The upcoming Spring Festival is expected to further bolster gold demand due to traditional seasonal buying surges, with predictions of a notable year-over-year growth in 2024 New Year holiday gold consumption. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold pulls back, traders hunker down for more cues on interest rates READ MORE China's Growing Gold Appetite READ MORE Investors loved weak yen boosting shares until it went too far READ MORE Geopolitical Tensions, Not Interest Rates, Now Seen as Main Risk to U.S. Economy READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
