The People's Bank of China has increased its gold reserves for the 20th consecutive month, with total reserves reaching 2,346 tons as of June.

On July 7, according to official central bank gold purchase data, China's gold reserves stood at 75.44 million ounces as of June, equivalent to approximately 2,346.45 tons, an increase of 480k ounces (about 14.93 tons) month-on-month. Notably, this marks the 20th consecutive month that the People's Bank of China has added to its gold reserves.

Looking back at previous data, gold reserves at the end of May were 74.96 million ounces, or about 2,331.52 tons. The increase in June not only continues the central bank's consistent pace of gold purchases but also clearly demonstrates China's strategic considerations in optimizing its foreign exchange reserve structure.

In terms of proportion, the current gold-to-foreign-exchange reserve ratio of the People's Bank of China stands at 8.89%. This figure not only reflects the central bank's high recognition of gold's long-term value but also highlights China's determination to steadily diversify its strategic reserves amid the complex and volatile international financial system.

#中国央行 #Gold Reserves