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125 new news items in the last 24 hours
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  2. International

April marked the sixth consecutive month in which China increased its gold reserves amid a record rise in the price of the precious metal

Raluca Ioana Draghici
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7 May 2025, 19:00
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China's central bank has reported an increase in gold reserves for the sixth consecutive month, reaching 73.77 million ounces with a total value of 243.59 billion dollars. Increased demand for gold, fueled by trade uncertainties, has prompted central banks to diversify reserves, but China remains below the global average of 20% in gold. Analysts estimate it would take China about three years to reach that level, maintaining a purchasing pace of 40 tons a month.

Sources

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Economica
China continuă să-și crească rezerva de aur, în condițiile incertitudinilor din economia globală - Economica.net
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Stiripesurse
China continuă să îşi majoreze rezerva de aur pe măsură ce provocările se înmulţesc
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Digi24
China cumpără tot mai mult aur. Explicațiile economiștilor

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NEWS ON THE SAME TOPICS

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Central banks are repatriating gold and are gradually reducing dependence on external deposits.
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Central banks around the world, including those in India and France, are also repatriating gold from London and New York, preferring domestic storage.
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China injects 53.6 billion dollars into eight banks and insurance companies to support the economy
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The central bank of the Netherlands moved 86 tons of gold from its reserves in the USA and Canada to London, citing geopolitical tensions.
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The Netherlands moves more than 80 tonnes of gold from the US and Canada to the United Kingdom
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China gold reserves diversification of reserves gold demand economic uncertainties

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