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 Gold Slides Below $2,000 As U.S. Inflation Exceeds Expectations READ MORE China's Price Plunge: Fastest Consumer Cost Drop in Over a Decade Signals Economic Woes READ MORE Gold takes a breather after record, Fed-fuelled rally READ MORE How & Where to Buy Gold Coins [2024 Buying Guide] READ MORE Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt READ MORE Add a Comment Cancel replyYour email address will not be published.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
