Gold rose on Monday after China's central bank added bullion to its reserves in November, ending a six-month pause in a buying binge that had provided a major pillar of support for the precious metal.
Bullion rose as much as 0.6% to trade just below $2,635 an ounce, after the People's Bank of China said Saturday it bought 160,000 troy ounces last month. The addition was the first since April, before the central bank halted purchases for 18 months that had helped prop up prices amid strong interest from global public institutions.
Source: newsmaker.id
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