China's Forex Reserves Continue to Surge in April

1 min read
Source: Bloomberg
China's Forex Reserves Continue to Surge in April
Photo: Bloomberg
TL;DR Summary

China has increased its gold reserves for the sixth consecutive month, adding about 8.09 tons in April, as central banks worldwide expand their holdings of bullion amid rising geopolitical and economic risks. China's total gold stockpiles now stand at about 2,076 tons, after increasing reserves by about 120 tons in the five months through March.

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