China's Gold imports in 2022 hit highest level since 2018 – WGC Gold China Commodities XAUUSD
Additional takeaways
Earlier this month, the People's Bank of China reported that it increased its holdings of gold by 970,000 ounces to 64.64 million ounces in December last year, increasing its holdings of gold for the second consecutive month.Gold price is holding higher ground near $1,842 on its rebound from six-week troughs of $1,831, underpinned by a broadly weaker US Dollar and resurgent Chinese Gold demand.
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