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PBOC has increased gold holdings for 20 consecutive months.
July 8, 2026
PBOC Increases Gold Holdings for 20 Consecutive Months
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The People's Bank of China continued to increase gold holdings in June. Data released yesterday by the State Administration of Foreign Exchange showed that the PBOC held 75.44 million ounces of gold in June, an increase of 480k ounces from May, marking 20 consecutive months of gold accumulation, and the largest increase since October 2023. However, due to the decline in gold prices in June, the value of gold holdings fell from 480k USD to 340.75B USD. Longest Buying Streak in 11 Years Bloomberg notes that the PBOC continues to increase holdings ...
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