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 The Ticking Debt Bomb: How to Safeguard Your Investments from the Inevitable READ MORE Jamie Dimon Predicts Sustained High Interest Rates Amid Economic Challenges READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for Banks READ MORE Revolutionary Tax Reforms: Oklahoma and Missouri to Redefine Gold and Silver? READ MORE Anticipation Builds for Potential Fed Rate Cuts in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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