China’s Gold Holdings Rise Again as Forex Reserves Decline China’s gold reserves increased for the 23rd consecutive month, according to the information provided, while t...
China’s gold reserves increased for the 23rd consecutive month, according to the information provided, while the country’s foreign exchange reserves fell.
The latest figures show continued growth in China’s gold holdings alongside a decline in foreign exchange reserves. The contrasting movements mark a sustained run of monthly increases for gold reserves.
The update is relevant to global markets because China is reporting changes in two major categories of reserves. However, the available information does not provide the size of the changes, the reasons behind them or any details about their potential effect on currency, bullion or investment markets.
Further information would be needed to assess the scale of the moves, their causes and the outlook for China’s reserves.
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