BlockBeats report: On September 7, China's gold reserves as of the end of August were reported at 76.73 million troy ounces (approximately 2,386.57 metric tons), an increase of 650,000 troy ounces (approximately 20.22 metric tons) from the previous month. The People's Bank of China has now increased its gold reserves for 22 consecutive months. (Jinshi)
China's Central Bank Added 20.22 Tons of Gold in August, Extending Its 22-Month Buying Streak
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Summary
China's central bank added 650,000 ounces (approximately 20.22 tons) of gold in August, extending its 22-month buying streak. Total reserves reached 76.73 million ounces (2,386.57 tons) by month-end. The move aligns with global central bank gold accumulation efforts and comes amid evolving MiCA regulations in Europe.
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