China Adds 25.8 Tonnes to Gold Reserves in October
The People’s Bank of China extended its gold-buying streak to two years as bullion prices fell almost 7% in October, ending the month below $4,000 an ounce.
China’s central bank added to its gold reserves in October — extending a buying streak to two years — as the precious metal fell almost 7% to end the month below the $4,000-an-ounce support threshold.Bullion holdings at the People’s Bank of China rose by 830,000 ounces in October, or around 25.8 me…