China’s Gold Buying Spree Comes to an Abrupt End, Sending Shockwaves through the Market – Bitcoin.com News
Beijing, China – China unexpectedly halted its gold buying spree in May, ending an 18-month streak of continuously purchasing the precious metal. This surprising move by China’s central bank has caused a sharp sell-off in the gold market, leading to uncertainty among investors worldwide. The sudden decision to stop buying gold has cast doubts on the future of gold prices, as China was a significant supporter of the market. Without China’s support, analysts are questioning …