AsianFin -- Data from the People's Bank of China (PBOC) revealed that the country's gold reserves reached 73.61 million ounces (approximately 2,289.53 tons) at the end of February, marking a month-on-month increase of 160,000 ounces (about 4.98 tons).
This marks the fourth consecutive month that China has expanded its gold holdings, reflecting its ongoing strategy to diversify its foreign exchange reserves and bolster financial stability. The steady accumulation of gold underscores China's commitment to strengthening its economic resilience amid global uncertainties.
As one of the world's largest holders of gold, China's continued investment in the precious metal highlights its role as a key player in the global gold market and its efforts to safeguard against potential economic risks.
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