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But we saved everything 🙂.
Tracy Shuchart reports that China's central bank has increased its gold holdings for the 14th consecutive month. This expansion comes as gold prices reach record highs. The People’s Bank of China added 30,000 troy ounces to its reserves, highlighting continued demand for bullion.
China’s persistent accumulation of gold reserves reflects broader trends in commodity markets, where supply dynamics and strategic interests drive price movements. Similar patterns were observed during recent supply fears that pushed aluminum prices to $3,000 per ton, as detailed in Shuchart's coverage of the aluminum price spike. Shuchart has also analyzed how corporate decisions, such as Exxon Mobil’s adjustment of $10 billion in hydrogen projects, can significantly impact market sentiment, as seen in Exxon Mobil’s recent gains.