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China gold reserves rise most since 2023 even as bullion tumbles
China's central bank reported its biggest monthly increase in gold reserves in more than two and a half years in June, official data showed on Tuesday, although bullion prices tumbled. China's central bank maintained gold purchases for a twentieth straight month, with its reserves hitting 75.44-million fine troy ounces by the end of June, versus 74.96-million a month earlier.The 480 000 oz rise, equivalent to near 15 tons, marked the biggest monthly addition since October 2023, when holdings rose by 740 000 oz, according to data from the People's Bank of China. The value of the country's gold reserves, however, ... (full story)
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