Central Banks Continue Gold Purchases; China Adds Reserves
China's central bank added 20.2 tonnes of gold in August, its 22nd consecutive month of accumulation, bringing holdings to 2,387 tonnes. Global central banks have averaged 1,000 tonnes of annual purchases over the past four years, per the World Gold Council.
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Why: China adds gold reserves → ongoing purchases
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At publication → CurrentGOLD— → 4,191—