China Gold Reserves Soar to New Heights Amid Growing Demand
China's gold reserves continue to grow, with the country adding 19.9 tonnes of gold in July to reach a total of 2,366 tonnes.
This marks the largest monthly addition since October 2023 and extends China's reported buying streak to 21 consecutive months.
The increase in bullion value also comes as gold prices gained 0.84% during July, with spot gold trading above $4,310 per ounce.