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 For a record 446 days, this recession indicator pointed to a downturn that never arrived READ MORE Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’ READ MORE Tech Giants Hit in Late Hours After Meta’s Outlook: Markets Wrap READ MORE Gold gains on soft dollar, rate cut hopes READ MORE Add a Comment Cancel replyYour email address will not be published.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
