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🔵📉 China's Gold and Cash Reserves: A Shift in Priorities?

🔷 China added only 70,000 ounces of gold (≈ 2.2 tons) in June

⬅️ This is the fourth consecutive month that the pace of gold purchases has slowed

🔷 In contrast:

✅ China added $32 billion to its cash reserves

⬅️ For every $0.24 billion in gold, it injected $32 billion in cash

🔷 The message is clear:

China currently leans towards holding cash more than gold

and does not seem interested in purchasing at current prices of the yellow metal.