BREAKING: China’s central bank increased its gold holdings by 5 tonnes in March, posting their 5th consecutive monthly purchase.
This brings total China’s gold reserves to a record 2,292 tonnes.Chinese gold holdings now reflect 6.5% of its total official reserve assets.According to Goldman Sachs,
China actually purchased a whopping 50 tonnes of gold in February, or 10 times more than officially reported.
Over the last 3 years, China's purchases of gold on the London OTC market have significantly surpassed officially reported numbers.
China is accumulating gold at a rapid pace.
XAU price discovery.
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BREAKING: China’s central bank increased its gold holdings by 5...
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