China’s central bank buys gold for 10th month in a row

Stock image.

China’s gold reserves stood at 74.02 million fine troy ounces at the end of August, up from 73.96 million at the end of July, as the central bank bought the precious metal for the 10th straight month.

China’s gold reserves were valued at $253.84 billion at the end of August, up from $243.99 billion before, according to data released by the central bank on Sunday.

(Reporting by Beijing Newsroom; Editing by Clarence Fernandez)

Comments

Your email address will not be published. Required fields are marked *

No comments found.

{{ commodity.name }}

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now