The purchases are seen as part of a global move away from the US dollar, the news agency reports Beijing has been amassing gold reserves for seven consecutive months, Bloomberg reported last week, citing official data. In May, the Chinese government bought about 16 tons of the precious metal, according to figures from the People’s Bank of China. Beijing has been adding to its gold stockpile every month since November, increasing it by a total of 144 tons, the news outlet wrote. As of the end of May, China's gold reserves stood at 67.27 million ounces (2,102 tons), Xinhua news agency reported on Wednesday, citing d
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