China is leading a ‘voracious’ gold-buying spree as central banks try to shrink dollar reserves

• Central banks are buying a lot of gold, and China is leading the pack, the World Gold Council said.

• The move is part of a broad shift away from dollar reserves but is also stoked by inflation and economic uncertainty.

• The annual total of gold purchases by central could surpass a record set last year, the Council said.

Central banks around the world are on a gold-buying spree, and China is outpacing them all.

The bullion binge comes as…