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PBOC Reportedly Issues New Gold Import Quotas to Banks
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The People’s Bank of China (PBOC) has allocated fresh gold import quotas to certain commercial banks, according to sources cited by foreign media. The PBOC issued additional quotas last week to meet considerably increased market demand for safe-haven assets, sources divulged. The decision to provide extra quotas is part of the PBOC’s routine functions and was made in response to requests from commercial banks. It should not be interpreted as an indication of the PBOC’s stance on gold prices or as a sign of the central bank purchasing gold, sources added. AAStocks Financial News |
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