- PBOC declared gold reserves now about 55.38 M ounces or 1,722.5 tonnes
- Chinese gold rose to $63.26 billion by end-month – less than 2% of $3.5 trillion FX reserves
- China disclosed on July 17th that its gold holdings had surged 57% since 2009
- Officially owns around 1,720 tonnes of gold – true total figure likely much larger
- China’s total gold holdings likely higher as also owns gold in CIC
- China’s gold reserves likely rose by 14 tonnes in October – Reuters
China Probably Raised Gold Hoard Again in October Adding 14 Tons – Bloomberg
Gold Plunges Most in a Year This Week on `Darn Strong’ Jobs Data – Bloomberg
Dollar Surges, Bonds Drop on Rate Speculation; Banks Rally – Bloomberg
Gold sinks 7 sessions in a row, loses 4.7% on the week – MarketWatch
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