China Gold Reserves Hit Record 2,309 Tonnes as PBOC Marks 16 Straight Months of Buying

TLDR: The PBOC added 30,000 ounces in February, pushing official gold reserves to a record 2,309 tonnes worth $387.6 billion. Analysts estimate China’s true gold holdings could be two to ten times its official figure due to undeclared accumulation channels. The Shanghai Gold Exchange processed 126 tonnes in physical withdrawals in January, with settled gold [...]

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