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China central bank increases gold reserves to 2,285 tonnes by Jan 2025

Summary by EconomyNext

ECONOMYNEXT – The People’s Bank of China has bought another 5 tonnes of gold in January 2025, taking its official gold holdings to 2,295 tonnes, the World Gold Council, an industry body reported. Gold now makes up 5.9 percent of PBoC reserves. The PBOC used to be a top buyer of US securities, but under pressure from the Washington based Mercantilists and the International Monetary it broke the peg with the US dollar in 2005. The Renminbi has gra…

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China central bank increases gold reserves to 2,285 tonnes by Jan 2025

ECONOMYNEXT – The People’s Bank of China has bought another 5 tonnes of gold in January 2025, taking its official gold holdings to 2,295 tonnes, the World Gold Council, an industry body reported. Gold now makes up 5.9 percent of PBoC reserves. The PBOC used to be a top buyer of US securities, but under pressure from the Washington based Mercantilists and the International Monetary it broke the peg with the US dollar in 2005. The Renminbi has gra…

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EconomyNext broke the news in 1 day ago on Friday, February 21, 2025.

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