🇨🇳 China’s investment in gold assets reaches a three-year high, Bloomberg reports ▪️ The People’s Bank of #China purchased 650,000 ounces of gold in August , the highest monthly amount since 2023 . China has now increased its gold reserves for 22 consecutive months , Bloomberg reports. ▪️ A US Treasury plan to increase buybacks of government debt has heightened concerns over inflation and a weaker dollar, encouraging investors to seek alternative stores of value such as gold . #info #China #economy