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VisitWill China's gold reserves increase by at least 1 million ounces by June 30, 2025?
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Official reports from the People's Bank of China on gold reserves
China Resumes Gold Purchases, Reserves Rise to 72.96M Ounces Worth $193.4 Billion
Dec 7, 2024, 03:30 AM
China's central bank has resumed purchasing gold reserves in November after a six-month hiatus. The country's gold reserves increased to 72.96 million ounces, up from 72.80 million ounces previously. The value of these reserves, however, declined to $193.4 billion from $199.05 billion due to a drop in gold prices. This marks the first increase in China's gold reserves since May. Additionally, China's end-November foreign exchange reserves stood at $3.26586 trillion.
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