0
The People’s Bank of China (PBOC) has revealed that it increased its gold reserves for the fifth consecutive month, with the country’s gold holdings reaching $229.59 billion at the end of March, up from $208.64 billion at the end of February.
In terms of volume, China’s gold reserves stood at 73.70 million fine troy ounces at the end of March, compared to 73.61 million troy ounces at the end of February.
Advertisements
Additionally, China’s foreign exchange (FX) reserves rose to $3.241 trillion at the end of March, up from $3.227 trillion at the end of February.
Advertisements
The announcement has led to a fresh uptick in gold prices, which are currently trading around $3,050, up 0.50% on the day.
Advertisements
Related Topics:
Advertisements
