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. Michael PiccoiniStrategic Planning, Leadership & Analysis Professional with a background in healthcare, manufacturing and retail. I have a strong understanding of the complex world of revenue Management and how to make it more relevant, understandable, and actionable for executive leadership across all levels of an organization. My career has spanned several years at UnitedHealth Group, Inc. I obtained my B. Comm from the University of Windsor and MBA from Wayne State University « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Central Banks Warned to Stand Firm Against Inflation READ MORE New Study Exposes 'Greedflation' Impact READ MORE Government Says, Inflation in December Was Even Lower Than First Reported READ MORE China's Decisive Rate Cut Move READ MORE G-20 Says World Economy Has Growing Chance of Soft Landing READ MORE Add a Comment Cancel replyYour email address will not be published.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
