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 Oil Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel Surge READ MORE Gold's Ascent Continues: Breaking $2,483.40 Could Lead to New Heights READ MORE Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE ECB's Second Rate Reduction Signals Gradual Shift in Monetary Policy READ MORE Gold Market at Crossroads: Record Prices Deter Chinese Buyers READ MORE Add a Comment Cancel replyYour email address will not be published.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