China’s forex reserves rise more than expected in August
- China's official gold reserves reached 76.73 million ounces by the end of August, increasing by 650,000 ounces from July and continuing a 22-month streak of gold accumulation.
- The August increase was the largest monthly gain since October 2023, surpassing the 640,000 ounces added in July.
28 Articles
28 Articles
China has recorded the largest increase in its gold reserves since 2023, accelerating purchases in August, even with the triggering of metal prices. The reserves of the People's Bank of China (PBoC) — one of the largest buyers of the official sector in the world — have grown 650 thousand ounces (about 18 tons), according to data released by the central bank on Monday. This movement extends the PBoC's purchases sequence to 22 months. Thus, the to…
China’s forex reserves rise more than expected in August
BEIJING, Sept 7 (Reuters) - China's foreign exchange reserves rose more than expected in August, central bank data showed on Monday, as the dollar extended its weakness. The country's foreign exchange reserves — the world's largest — stood at $3...
According to official data published by the People's Bank of China, at the close of last month the volume of foreign exchange reserves reached 3,438 billion dollars. The figure represents an increase of 0.56% over the 3.419 billion recorded in the previous period, and clearly exceeds previous market estimates.
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