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đ”đ China's Gold and Cash Reserves: A Shift in Priorities?
đ· China added only 70,000 ounces of gold (â 2.2 tons) in June.
âŹ ïž This is the fourth consecutive month in which the pace of gold purchases has slowed.
đ· In contrast:
â China added $32 billion to its cash reserves.
âŹ ïž That is, for every 0.24 billion in gold, it injected 32 billion in cash.
đ· The message is clear:
China currently favors holding more cash than gold and does not appear interested in buying at current prices.