China buys more Gold – ING

FXStreet Insights Team FXStreet

China’s central bank continues to add Gold to its reserves, ING's commodity experts Ewa Manthey and Warren Patterson note.

Gold is one of the strongest-performing major commodities

"In July, the People’s Bank of China increased its Gold reserves for the ninth straight month. Gold held by the central bank increased by 60,000 troy ounces to 73.96 million troy ounces last month."

"Gold is one of the strongest-performing major commodities, up by more than a quarter this year amid Trump’s aggressive trade policy, conflicts in the Middle East and Ukraine, and central bank buying."

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FXStreet Insights Team

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The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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