China boosts gold hoard by smallest amount since at least July


By Ranjeetha Pakiam
Bloomberg News
Monday, March 7, 2016

China raised its central bank gold reserves by the smallest amount since the nation started disclosing monthly increases last year.

The People's Bank of China expanded holdings by 0.6 percent to 57.50 million ounces in February from 57.18 million ounces a month earlier, according to its website. Global bullion prices jumped 11 percent in February, the biggest monthly increase in four years, as investors sought a haven from financial turmoil. Chinese markets were shut Feb. 8-12 for the Lunar New Year holiday. ...

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