China’s continuous hike of gold reserves demonstrates diversification efforts (Global Times)

China increased its gold reserves for the seventh month in June, taking its total reserves to 61.94 million ounces, up 330,000 ounces compared to the previous month, data from the central bank showed on Monday. As gold is considered to be a typical safe haven asset, China’s gold purchases are generally seen as a strategic measure to hedge against risks and uncertainties related to the international payment environment and its own currency.

http://www.globaltimes.cn/content/1157331.shtml

By Wang Jiamei

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *