Central bank gold buying supports prices despite softer inflation data
China added 20.2 tonnes of gold to reserves in August, part of ongoing sovereign purchases that have exceeded 1,000 tonnes in imports for 2026 so far, providing support to gold as softer US PCE data reduces near-term Fed rate hike odds.
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Why: China gold reserve addition → price support
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At publication → CurrentGOLD— → 4,191—