Bloomberg News: China's Central Bank Adds More Gold for a Ninth Straight Month
Article by Sybilla Gross in Bloomberg News
China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal.
Bullion held by the People’s Bank of China rose by 740,000 troy ounces, the central bank said on Monday. That’s equivalent to about 23 tons. Total stockpiles now sit at 2,137 tons, with around 188 tons added in a ......
To readthis article in Bloomberg News in its entirety, click here.