Higher gold holdings to ensure safety, liquidity of reserves: official

From globaltimes.cn

China's increase in its gold reserves in recent months aims to guarantee the safety, liquidity and value preservation and appreciation of its international reserves, an official said over the weekend. Gold reserves have always been an important part of the diversification of global reserves for countries, said Wang Chunying, spokesperson of the State Administration of Foreign Exchange (SAFE). Gold combines the multiple attributes of finance and commodities to help regulate and optimize the overall risk-return features of the international reserve portfolio, Wang said. "From a long-term and strategic perspective, we ... (full story)