China's Central Bank to Return to Gold Buying as Prices Ease

GOLD - SINGAPORE - China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, industry players said at a conference this week.

After adding to its gold reserves for 18 consecutive months, official data from the People's Bank of China (PBOC) showed its holdings were unchanged in May, sending global spot prices XAU= down sharply on Friday. GOL/