Weekend data on surging Chinese gold reserves - March buying of 11.2 tons of gold

In addition to forex reserves, data released on China's gold holdings was released over the weekend

Gold reserves up for the fourth consecutive month

  • People's Bank of China raised reserves to 60.62 million ounces in March

March inflow was 11.2 tons

  • this compares to February's at +9.95 tons, January +11.8 tons, December +9.95 tons
In addition to forex reserves, data released on China's gold holdings was released over the weekend

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