China bought another 30 tonnes of gold in December 2022, following 32 tonnes in November

<p>Information posted to the People’s Bank of China website over the weekend reported it increased its holdings of gold by 30 tonnes in December.</p><ul><li> this boosts the country’s stash of gold to 2,010 tonnes</li><li>it follows November’s buying of 32 tonnes</li></ul><p>The PBOC’s previously reported inflow of gold was in September of 2019 and, before that, October 2016. The renewed bout of large purchasing is being speculated as a response to heightened geopolitical risk, and perhaps more to come. </p><p>In other info the PBOC reported the country’s foreign exchange reserves at the end of December increased by around $11 billion from end-November and now total $3.12 trillion.</p>

This article was written by Eamonn Sheridan at

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