Economy · World
Central Banks Increase Gold Purchases Amid Shifting Reserves
Central banks continued to purchase gold in July, with details suggesting a broader trend of shifting reserves. China's foreign exchange reserves have been climbing. This trend is partly driven by central banks reallocating their gold reserves away from the US dollar. The momentum in gold prices is also influenced by entities like China and Tether.
How outlets across the spectrum covered it
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- Centre (4): Business Today, South China Morning Post, The Financial Express, The Wall Street Journal