China's Central Bank Adds 640,000 Ounces of Gold in July, Extending Streak to 21 Months
The People's Bank of China increased its gold reserves by 640,000 ounces in July, bringing total holdings to 76.08 million ounces at the end of the month, compared with 75.44 million ounces at the end of June. The central bank has now recorded gold purchases for 21 consecutive months, extending a sustained accumulation programme that began more than a year and a half ago.
China's gold reserves rose to 76.08 million ounces at the end of July from 75.44 million ounces at the end of June. The People's Bank of China has now increased its gold holdings for the 21st consecutive month, with July's addition of 640,000 ounces reflecting a steady continuation of the central bank's accumulation programme.
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