PBOC expands Gold reserves for sixth straight month in April

The latest data published by the People’s Bank of China (PBOC) showed that China continued to build its Gold reserves for a sixth month in a row in April.

Key details

• Bullion held by the PBOC rose by about 70,000 troy ounces last month.
• China's Gold reserves at the end of April were at 73.77 million ounces, up from 73.70 million ounces at the end of March.
• In value terms, the reserves at the end of April amount to $243.59 billion versus $229.59 billion at the end of March.