The PBOC just announced that it has increased its gold reserves from 74.06 million fine troy ounces in September to 74.09 million fine troy ounces in October. The value of the gold reserves is seen adjusting higher to $297.21 billion at the end of October as opposed to $283.29 billion at the end of September.
Again, this is all what China is reporting on the surface. There’s more background to that from last month here.
This article was written by Justin Low at investinglive.com.
