Comments form Barclays on the wires (via Bloomberg)
- PBOC may buy 215 tons of gold in 2016
- Gold purchases may average 17.9 tons per month this year
- The purchases are strategic and long term
- The gold buys are 'impressive' as FX reserves drop
more to come
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Yo, Adam has been banging the drum on long gold for weeks now as the price has gained. Is this a case of the 'news' following the price move?
