Reuters report it's the first "reported" increase
The Chinese are extending their shopping list it seems
Reserves now stand at 53.31m troy ounces vs 33.89m prior
The PBOC says;
- Investing in gold is beneficial for risk management
- Will be flexible in deciding whether to adjust gold reserves in the future
- Increased reserves through various domestic and international channels
Gold hasn't budged on the news and has had a 2 tick range today 1143/45
China's been "acquiring" gold through various channels
