TOKYO/SHANGHAI -- Chinese gold purchases rose 30% in 2023, as the country's central bank bought the commodity to replace its dollar holdings amid tensions with the U.S. and individual investors sought a haven for their assets as the economy stumbled.
Economy
China gold purchases soar 30% on economic anxiety
Central bank and individual investors seek stability amid geopolitical risks
Gold ingots have become popular with Chinese consumers wary of property and stock market investments. © Reuters
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