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China announces fifth straight month of growth in gold reserves

Section: Daily Dispatches

China's Central Bank Stocks up on Gold as It Seeks to Diversify

By Henry Sanderson
Financial Times, London
Wednesday, May 8, 2019

China's central bank added gold to its reserves for the fifth month in a row in April, the latest emerging market central bank to stock up on the yellow metal.

The People's Bank of China said its gold reserves rose to 61.1 million ounces last month, an increase of 480,000 ounces from March, and bringing its total gold holdings to about $78.3 billion. ...

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