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 Currency Watch: Dollar Rises, Eyes Set on Upcoming U.S. Inflation Insights READ MORE World Gold Council Launches 'You are Gold' Campaign in India READ MORE Housing’s outsized role in the Fed’s inflation problem: Morning Brief READ MORE The Risks of Gold and Silver ETF's vs. Physical Metals READ MORE Concerns Arise Over CPI Data Accuracy with Response Rates Lagging READ MORE Add a Comment Cancel replyYour email address will not be published.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
