Central Banks Aggressively Acquire Gold as Hedge Against Volatile Market Conditions
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#9f051475 ver:0.16

China's gold markets have experienced a surge in buyers as people look for stable investments, according to an article by He Huifeng of the South China Morning Post . The Hualin International Jewelry Market in Guangzhou has seen a flood of new gold stores and an increasing number of customers. The price of gold has been volatile, leading customers to buy products with lower grams due to the high prices. Chinese consumers have been selling off old jewelry amid record high gold prices. The People's Bank of China (PBC) has been buying bullion to diversify its holdings, while also discovering a large deposit of gold in Qinghai province. Gold prices have been hitting historic highs globally. Some investors are holding paper gold as a hedge against concerns over wealth management and money suppl...

#newstr #China #GoldMarkets #Buyers #StableInvestments #CentralBanks #UsDollar #CurrencySystems #GeopoliticalTensions #ForeignExchangeReserves #EconomicDevelopments 

 https://here.news/story/9f051475?ver=0.16