Iron ore price buckles below $100 as China’s Plenum fails to inspire
The steelmaking material slid as much as 3.5% to touch $99.85 in Singapore, with futures on track for a third day of losses.
Source World Gold Council
China added to its gold holding in August by 1%, reports Bloomberg.
The central bank was holding 54.45 million troy ounces in August up from 53.93 million ounces a month earlier. Experts expect China to keep adding to its gold hoard.
This summer China started publicly disclosing its gold holdings ending years or rumours and guessing.
China has the sixth largest gold holdings according to the World Gold Council. Data was compiled earlier this month.
Comments
Bishop Hammy
Are you sure the USA has that much gold or any for that matter.