The Peoples bank of China increased its holding by 10t in December with more potential purchases to come. Central banks in China, Russia, Turkey and Iran are steadily adding to their reserves in these uncertain times. Maybe they are looking to circumvent the US dollar as a trading currency where they can be subject to sanctions by the US. Good to have a holding in what is developing into a major modern bonanza.
KLA Price at posting:
$38.00 Sentiment: Buy Disclosure: Held