China's Gold Demand Rises: Central Bank Buys as Lunar New Year Approaches 📅 Published on: February 16, 2024 China’s gold market kicked off 2024 marking its strongest January on record for wholesale gold demand at 271 tons. The People’s Bank of China (PBoC) continued its gold acquisition streak for the 15th consecutive month, adding 10 tons to its reserves, now totaling 2,245 tons. The upcoming Spring Festival is expected to further bolster gold demand due to traditional seasonal buying surges, with predictions of a notable year-over-year growth in 2024 New Year holiday gold consumption. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Bostic Warns: No Quick Path to Interest Rate Cuts READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation Challenges READ MORE Paul Tudor Jones Sounds Alarm on U.S. Debt Crisis READ MORE Bonds Rally on Fed Rate-Cut Expectations READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
