China gold reserves rise for sixth straight month

The latest data shows that China’s gold reserves at the end of April were at 73.77 million ounces, up from 73.70 million ounces at the end of March. In value terms, the reserves at the end of April amount to $243.59 billion compared to $229.59 billion at the end of March.

It’s the sixth consecutive month now that the PBOC has been increasing its gold reserves. Just keep swimming, swimming, swimming.

This article was written by Justin Low at www.forexlive.com.