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2025-03-21
17:42
China's Central Bank Gold Reserves Reach Record High in February

According to The Kobeissi Letter, China's central bank gold reserves reached a record 73.6 million fine troy ounces in February. The bank bought approximately 160,000 ounces of gold last month, marking the fourth consecutive month of purchases. Over the past 2.5 years, China's gold reserves increased by 11.0 million ounces, indicating a strong trend in accumulating gold assets, which could impact global gold prices and trading strategies.

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