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China’s Slow Gold Reserves Linked to Price Volatility says Central Bank
Wednesday, September 30, 2015 16:15
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truthingold.com / September 30, 2015
Gold’s volatile prices, relative illiquidity and strong domestic consumption were among the reasons for the slow pace of the Chinese central bank’s accumulation of bullion reserves over the past six years, the nation’s foreign-exchange regulator said Wednesday.
The People’s Bank of China said Wednesday that the country’s gold holdings totaled 54.45 million troy ounces as of August, up 60% from the end of April 2009. Analysts widely viewed the increase between 2009 and mid-2015 as far lower than market expectations, adding to selling pressure for the yellow metal.
The post China’s Slow Gold Reserves Linked to Price Volatility says Central Bank appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/09/30/chinas-slow-gold-reserves-linked-to-price-volatility-says-central-bank/
