Beijing responds to Trump’s tariffs with massive gold buying spree

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For the sixth straight month China’s vast gold stockpile saw an ongoing increase, The nation’s stockpile is being valued at $79.83 billion. In tonnage terms that marks an increase of 15.86 tons, after almost 58 tons of gold were added over the five months through April.

The latest boost to Beijing’s gold stash reportedly reflects China’s move towards diversifying its bullion and foreign currency holdings amid the protracted trade dispute with the US.

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