73.29 million ounces! The central bank has expanded its gold reserves for two consecutive months.

In December 2024, the People's Bank of China continued the momentum of Shareholding from November, expanding its Gold reserves for two consecutive months after previously pausing Shareholding for six months. Data released on January 7 from the official website of the People's Bank of China showed that by the end of December 2024, the country's Gold reserves were 73.29 million ounces (approximately 2279.58 tons), an increase of 0.33 million ounces (approximately 10.26 tons) compared to the end of November 2024. Wang Qing, Chief Macro Analyst at Dongfang Jincheng, stated that the official Gold reserves have increased for two consecutive months, which aligns with market expectations. The central bank's Shareholding of Gold for two consecutive months may relate to November.

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