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List of Flash News about People's Bank of China gold

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2025-06-05
18:48
Central Banks Boost Gold Reserves for 23rd Month: Crypto Market Eyes Safe-Haven Shift

According to The Kobeissi Letter, global central banks added a net 12 tonnes of gold in April 2025, following 17 tonnes in March, marking the 23rd consecutive month of net gold purchases. Leading buyers included the National Bank of Poland, the Czech National Bank, the People's Bank of China, and the Central Bank of Turkey (source: @KobeissiLetter, June 5, 2025). This sustained accumulation signals persistent demand for safe-haven assets amid ongoing macroeconomic uncertainty. For crypto traders, the continued gold buying trend may indicate lingering risk aversion and could influence capital flows into digital assets as investors seek alternatives to traditional stores of value.

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