The People’s Bank of China’s gold holdings totaled 74.19 million fine troy ounces by the end of January, up from 74.15 million in the previous month, according to recent central bank data. Beijing’s value of gold reserves also surged to $369.58 billion, from $319.45 billion in December 2025. Gold accounts for almost 9 percent of China’s total reserves, the World Gold Council estimates. The metals market has been on a roller coaster ride over the past few months. Gold prices are currently trading at about $5,000 per ounce—up by 17 percent this year—on the COMEX division of the New York Mercantile Exchange. Silver, the ... (full story)