TOKYO -- The People's Bank of China has become a leading buyer of gold, and its relatively low exposure to the precious metal gives it room to pile on more.
Commodities
China's central bank has been a big buyer of gold. Will it continue?
PBOC accounted for 5% of global demand for precious metal in 2023
Gold has traditionally been seen as a safe haven in times of geopolitical and economic uncertainty. © Reuters
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