China’s gold reserves valued at $350B at end of August
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4 Articles
China's foreign exchange reserves rose above market expectations in August, while the country's central bank raised its gold holdings for the 22nd month in a row. According to the data of the State Currency Administration of China, foreign exchange...
According to ChainCatcher, China's gold reserves stood at 76.73 million ounces (approximately 2,386.57 tons) at the end of August, an increase of 650,000 ounces (approximately 20.22 tons) month-on-month. This marks the 22nd consecutive month that the People's Bank of China has increased its gold holdings.
China’s gold reserves valued at $350B at end of August
China's growing gold reserves highlight a strategic shift towards asset diversification and protection against geopolitical financial risks. The post China’s gold reserves valued at $350B at end of August appeared first on Crypto Briefing .
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