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 Big banks are getting what they want from Washington READ MORE Gold Prices Dip in Anticipation of Pivotal U.S. Inflation Report READ MORE CENTRAL BANKS REIGNITE GOLD’S BULL RUN READ MORE Government Says, Inflation in December Was Even Lower Than First Reported READ MORE Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle READ MORE Add a Comment Cancel replyYour email address will not be published.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
