China Extends Gold-Buying Streak to 23 Months With $3.1 Billion Purchase

China bought 740,000 ounces of gold in its latest purchase, extending its reserve accumulation streak to 23 consecutive months and bringing total holdings to roughly $323.5 billion.

The latest addition was valued at approximately $3.1 billion. China accumulated 4.67 million ounces over the 23-month period, with the purchases valued at about $19.5 billion.

China’s total gold reserve holdings are valued at roughly $323.5 billion.