China expanded its gold reserves in April for a sixth straight month as global central banks add to their bullion holdings as a hedge against inflation and geopolitical risks. China's gold reserves increased by 8.09 tons in April, according to data from the State Administration of Foreign Exchange. Total gold stockpiles reached 2,076 tons after the nation added 120 tons in the five months through March. Central banks around the world are bolstering their gold holdings to diversify assets in response to persistent global inflation risks and geopolitical turmoil.

https://www.caixinglobal.com/2023-05-09/chinas-gold-buying-spree-stretches-into-sixth-straight-month-102045353.html

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