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China gold reserves rise most since 2023 even as bullion tumbles
China's central bank reported its largest monthly gold reserve increase in over two years. The People's Bank of China added nearly fifteen metric tons to its holdings. This occurred even as gold prices experienced a significant sharp decline during June. The value of China's gold reserves decreased despite the increased quantity of bullion. Traders anticipated higher interest rates and a stronger dollar impacting the market.
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global.chinadaily.com.cn
PBOC extends gold-buying streak to 20 months with biggest increase in current cycle
The People's Bank of China, the country's central bank, extended its gold-buying streak to 20 months in June, recording its largest monthly increase in the current accumulation…
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economictimes.indiatimes.com
China gold reserves rise most since 2023 even as bullion tumbles
China's central bank reported its largest monthly gold reserve increase in over two years. The People's Bank of China added nearly fifteen metric tons to its holdings. This…
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scmp.com
China extends gold-buying binge to 20th month in Beijing’s de-dollarisation push
PBOC’s bullion holdings keep rising as forex reserves dip in June to US$3.42 trillion and the central bank seeks security from sanctions and US market volatility.