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China boosts gold reserves by nearly 100 tons ...News
China’s foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while raising its gold holdings by nearly 2.89 million troy ounces (99 tons) in nine months. The bullion reserves rose to 62.45 million troy ounces (2,141 tons) as of the end of last month, according to the latest data released by the People’s Bank of China. That’s nearly five percent more since the end of last year, when the country had 59.56 million ounces (2,042 tons) and resumed the purchases. The value of China’s gold holdings increased to $95.45 billion at the end of August from $87.876 billion at the end of
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