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Reuters reveals China curbs gold imports as trade war heats up

Reuters reported exclusively that China has severely restricted imports of gold since May, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows. The world’s second largest economy has cut shipments by some 300-500 tonnes compared with last year – worth $15-25 billion at current prices.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia