China’s central bank increases its gold reserves by 62 tons in two months

China has increased its gold reserves for the second month in a row after the first purchase was announced last November / more than three years ago.

The Chinese central bank increased its holdings by 62 tons in two months, 30 tons in December and 32 tons in November, bringing the state’s total holdings to more than two thousand tons of gold.

Central bank bullion purchases have reached a level record in the third quarter of last year to nearly 400 tons, according to the World Gold Council’s demand trends report.

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