China buys gold for 24th straight month, reserves rise to 78.3 million ounces
FILE PHOTO: China’s central bank increased its gold holdings for the 24th consecutive month in October, taking reserves to 78.3 million fine troy ounces. | Photo Credit: JASON LEE
China's central bank extended its run of gold purchases to a 24th consecutive month in October, raising its holdings to 78.3 million fine troy ounces from 77.47 million a month earlier.
The country's gold reserves were valued at $306.41 billion, compared with $323.52 billion at the end of September, according to data from the People's Bank of China on Saturday.
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Original Headline
China buys gold for 24th straight month, reserves rise to 78.3 million ounces