China Splurges on Gold For a 16th Month as Price Hits Record Nation has been adding gold to diversify financial reserves Central-bank buying has been key support for precious metal China’s central bank added gold to its reserves for a 16th straight month in February, extending a long buying spree that’s helped to support the precious metal’s surge to a record high. Bullion held by the People’s Bank of China rose by about 390,000 troy ounces last month, according to official data released Thursday. That takes total holdings to 72.58 million troy ounces, equivalent to about 2,257 tons. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Central banks bolster gold reserves further in February, albeit at a slower pace READ MORE Tax Season and Rising Debt Costs Push U.S. February DeficitWider READ MORE Fed's Hesitation on Rate Cuts Sends Oil Markets Downward READ MORE BRICS Expansion and De-Dollarization Efforts Challenge USand EU Economic Dominance READ MORE Samsung: 2024 Key Commodity Market Outlook READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
