China’s central bank pauses gold purchases for a fourth month in August

September 7, 2024

China’s central bank has paused its gold purchases for the fourth consecutive month in August, with holdings remaining at 72.8 million fine troy ounces. Despite this, the value of these reserves increased to $182.98 billion due to rising gold prices driven by geopolitical and economic uncertainties.

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AI fear over IT overdone, but near-term pain likely to persist: Seshadri Sen

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