NewzThe People's Bank of China (PBOC) increased its gold reserves for the 22nd consecutive month in August, bringing total holdings to 76.73 million ounces. The monthly rise represents a record increase for the central bank's ongoing accumulation strategy.
This data, released by the PBOC on Monday, confirms the continuation of a long-term trend in China's reserve management. The expansion of gold holdings reflects the central bank's sustained effort to adjust its asset composition over nearly two years.
In-depth summary · AI, neutral