PBOC halts gold buying spree, prices drop over $50/oz By Investing.com – Investing.com
Investing.com — The People’s Bank of China (PBOC) reported no change in its gold reserves in May in data released Friday, bringing to an end a year-and-a-half-long gold-buying frenzy. The rally that saw gold prices reach new record highs was dependent on central bank purchases, particularly from China, which caused the price of gold to […]