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China will topple India this year as the largest bullion market as rising incomes bolster demand, the World Gold Council forecasts. Gold may gain for a 12th year in 2012 as European policy makers strive to avoid a breakup of the euro zone and the Federal Reserve weighs more stimulus to .
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May 04, 2015· China wants to destroy the "exorbitant privilege" of the US dollar, making the dollar just another currency. This explains the massive buying of gold by China, especially since 2008. An announcement of China's official gold reserves is expected at the same time as the inclusion of the Yuan in the SDR, sometime in the fall of 2015.
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Central Bank Purchases: As industrial demand for gold is falling, purchases by China's central bank are rising, with the People's Bank of China (PBoC) increasing its gold reserves in December 2018 for the first time since October 2016. It purchased 351,000 ounces of the yellow metal during December, followed by a further million ounces ...
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