China Reports Higher Gold and FX Reserves in April, Extends Gold Buying Streak
to 18 Months
China’s central bank reported that gold reserves rose to 74.64 million fine troy
ounces at end-April from 74.38 million at end-March, while FX reserves increased
to $3.411 trillion from $3.342 trillion, and the value of gold reserves climbed
to $344.17 billion from $342.76 billion; this also marks the 18th consecutive
month of gold purchases by the central bank.
