China doing a Chuck Norris on gold - waiting and watching ...Middle East

China is the world's biggest official sector buyer of gold.In May the People's Bank of China 'paused' buying, higher prices cited:GOLD ICYMI: People's Bank of China completely stopped buying last monthGold folks expect the buying to resume soon. "China's data did show a pause," David Tait, CEO of the World Gold Council (WGC), told Reuters on the sidelines of the Asia Pacific Precious Metals Conference in Singapore. "(But) they are just waiting and watching. If prices correct to the $2,200 per ounce level, they will resume again."The World Gold Council "are a membership organisation that champions the role gold plays as a strategic asset".Other gold bugs have weighed in also:A survey conducte

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China doing a Chuck Norris on gold - waiting and watching ...Middle East

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