China boosts gold reserves for the first time in over 3 years in possible attempt to diversify away from dollar

Dec 7 2022 by Business Insider

 
Chinese President Xi Jinping.

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For the first time in over three years, China reported an increase in its gold reserves.  The People's Bank of China boosted its gold holdings by 32 tons in November compared to the previous month.  The bullion market had recently seen secret big buyers snapping up gold, and now China has quelled some speculation. 

New government data revealed that the People's Bank of China boosted its gold reserves for the first time in over three years,...

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