China Pours $1,060,000,000 Into Gold in One Month as US Government Slaps Tariffs on Bullion Imports: Report

China is reportedly ramping up gold purchases as the US government slaps tariffs on billions of dollars in gold bullion imports. According to a new report by Reuters, China’s central bank splurged $1. 06 billion on gold in July, extending its streak of gold purchases to nine months source: https://dailyhodl.com/2025/08/09/china-splurges-1060000000-on-gold-in-one-month-as-us-government-slaps-tariffs-on-bullion-imports-report/