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China thought to be stockpiling gold to cut greenback dependence

TOKYO — Central banks are snapping up gold this year, but it is uncertain which ones are behind most of that shopping spree, fueling speculation that China is a big player.

Seeing how Russia has been hit by monetary sanctions by the West, China and some other countries must be hurrying to reduce dependence on the dollar, analysts reckon.


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Wealthfargo
Wealthfargo

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