Economy
China Ramps Up Gold Reserves in Strategy to Cut Reliance on US Assets
China's central bank bought gold for a 23rd straight month in September, its largest purchase in nearly three years, lifting reported reserves to about 2,410 tonnes, the World Gold Council says. Analysts frame the buying as risk management aimed at reducing reliance on US Treasuries and shielding reserves from sanctions, while Chinese households also increase gold purchases as confidence in stocks and property weakens.