China gold buying spree continues in October

That’s twelve straight months that the PBOC has increased its gold holdingsThat’s twelve straight months that the PBOC has increased its gold holdings

The PBOC just announced that it has increased its gold reserves from 74.06 million fine troy ounces in September to 74.09 million fine troy ounces in October. The value of the gold reserves is seen adjusting higher to $297.21 billion at the end of October as opposed to $283.29 billion at the end of September.