BusinessPhoto: News18Hi BusinessChina Buys Over 1000 Tons Gold, Aims to Challenge Dollar
China imported more than 1,000 tons of gold in the first eight months of 2026, spending a record $158.8 billion. Its central bank has increased gold reserves for 23 consecutive months to reduce dollar dependence, secure foreign reserves, and meet rising domestic demand. If this pace continues, China could surpass France and Italy to become the world's third-largest gold holder by the end of 2026.
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