China is pushing ahead with dedollarization, hoarding gold for a 10th straight month after slashing Treasury holdings to a 14-year low

• China's central bank added 29 tons of gold to its reserves in August, marking a 10th straight increase.
• The country's stockpiling of the safe-haven asset coincides with its efforts to move away from its reliance on the dollar.
• China recently cut its holdings of US Treasuries to the lowest level since 2009.

China's central bank extended its gold-buying spree to the 10th straight month as the world's second-largest economy seeks to move away from its reliance on dollar reserves.