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Official data released by the People’s Bank of China (PBOC) over the weekend revealed an increase in its Gold holdings to 72.96 million fine troy ounces at the end of November 2024, up from 72.80 million fine troy ounces in October. This equates to an addition of approximately 5 tons of gold in November.
The pound held steady against the dollar on Tuesday, trading just above the flatline at $1.2746 as investors awaited key US inflation data for November, due to be released on Wednesday.