China end-August FX reserves $3.110 trillion vs $3.115 trillion expected

China releases its end of August forex reserves balance

  • Prior $3.118 trillion
  • Gold reserves $71.2 bn, amounting to 59.24 million fine troy ounces
  • Prior gold reserves $72.3 bn

Slight decline in FX reserves relative to July - roughly $8.2 billion. Nothing that really stands out from the report here. The overall gold reserves declined yet again but in terms of fine troy ounces, the amount remains unchanged.

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