China purchased 740,000 ounces of gold valued at $3.1 billion, marking the 23rd consecutive month of gold accumulation by the government. This latest acquisition extends a sustained buying streak that has significantly expanded the nation's precious metals holdings over the past two years.
Over the 23-month period, China has added 4.67 million ounces of gold to its reserves, worth approximately $19.5 billion. The country's total gold reserves now stand at roughly $323.5 billion, reflecting a strategic effort to diversify assets amid ongoing global economic shifts.
China Adds $3.1 Billion in Gold Reserves During 23rd Consecutive Month of Accumulation
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