China announces seventh month of adding to gold reserves

Section:

China's Gold Hoard Swells

By Ranjeetha Pakiam
Bloomberg News
Monday, July 8, 2019

Central banks are going after gold in 2019, boosting holdings as economic growth slows, trade, and geopolitical tensions rise, and some authorities seek to diversify their reserves away from the dollar.

The People's Bank of China said today it raised reserves for a seventh month in June, adding 10.3 tons, following the inflow of almost 74 tons in the six months through May. Last week Poland said it more than doubled its gold assets over this year and last, becoming the top holder in central Europe. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2019-07-08/central-banks-gold-ru...



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