China's Relentless Gold Buying Streak Fuels Record Price Surge For the 16th consecutive month, China’s central bank, the People’s Bank of China, has continued to increase its gold reserves, adding approximately 390,000 troy ounces in February. This persistent acquisition spree has played a significant role in propelling gold prices to unprecedented heights. As of the latest data, China’s total gold reserves now amount to roughly 72.58 million troy ounces, or about 2,257 tons, underscoring the nation’s strategic move to bolster its financial stability and diversify its asset base amidst global economic fluctuations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Treasury Traders Bet on 2024 Fed Rate Cuts READ MORE Israel and U.S. Brace for Potential Retaliation from Iran and Hezbollah READ MORE Fed’s Operating Losses Grew to Record $114.3 Billion in 2023 READ MORE Gold Hits New Heights, Eyes $2,200 Milestone Amid Rate Cut Speculation READ MORE Rising Interest Rates Challenge Long-Standing Pro-Debt Economic Policies READ MORE Add a Comment Cancel replyYour email address will not be published.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