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China's central bank reports raising gold reserves for fourth straight month
By Yukun Zhang, Qiaoyi Li, and Polina Devitt
Reuters
Friday, March 7, 2025
China's gold reserves rose to 73.61 million fine troy ounces at the end of February from 73.45 million at the end of January, as the central bank kept buying the precious metal for a fourth straight month.
China's gold reserves were valued at $208.64 billion at the end of last month, up from $206.53 billion at the end of January, central bank data showed today.
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"The PBOC's purchases are an important factor underpinning gold, so a continuation of its buying in February could help to build further strength behind the gold price," said Frank Watson, market analyst at Kinesis Money. ...
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