China's Gold Reserves Rise by Most Since October 2023 as Buying Pace Quickens
The People’s Bank of China extended its buying streak to 21 months as reserves rose by 640,000 ounces, official data showed.
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(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = The People's Bank of China, the country's central bank, continued its upward trend in gold reserves for the 21st consecutive month through last month.
PBOC Extends Gold Buying Streak to 21 Months With Largest Purchase Since 2023
PBOC Extends Gold Buying Streak to 21 Months With Largest Purchase Since 2023 - China's central bank added 19.9 tons of gold in July, its biggest monthly purchase in nearly three years, as central banks globally continue to strengthen reserve buffers amid shifting markets and a weaker dollar
PBOC extends gold-buying streak to 21 months as forex reserves rise
China's central bank extended its gold-buying streak to 21 months in July, while the country's foreign exchange reserves edged up, underscoring the continued stability of China's reserve assets amid global financial volatility, official data showed on Friday.
PBOC boosts gold buying with largest monthly purchase since 2023
(Kitco News) - Not only has the People’s Bank of China bought gold for 21 straight months, but the central bank has also continued to make solid tactical moves as prices have dropped nearly 30% from their all-time highs at the start of the year.According to the central bank’s latest reserve data, the PBOC bought 20 tonnes of gold in July—the largest monthly increase since October 2023. Since March, the central bank has increased the pace of its …
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