- China's central bank raised gold holdings by 740,000 troy ounces (23 tonnes) to 77.47 million ounces at the end of September, the largest monthly addition in three years.
- The People's Bank of China added gold while prices dipped, reducing its exposure to US dollar assets amid tensions with Washington.
- The total gold holding is worth about US$324 billion at market prices, compared with China's foreign exchange reserves of US$3.4 trillion.
Quotes
“Holdings rose by 740,000 troy ounces (23 tonnes) to reach 77.47 million ounces at the end of September”