The People's Bank of China has increased its gold holdings for 17 consecutive months

SighingCashier

2026-04-07 18:54:01

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April 8, 2026

People’s Bank of China adds to gold holdings for 17 consecutive months

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China’s foreign exchange reserves have declined, ending a streak of gains for seven consecutive months. The People’s Bank of China said that, as of the end of March, China’s foreign exchange reserves were $3,342.1 billion, down $85.7 billion from the end of February, a decline of 2.5%. However, the PBOC has increased its gold holdings for 17 consecutive months. At the end of March, gold reserves totaled 74.38 million ounces, up 0.16 million ounces month-on-month. Foreign-exchange reserves fell 2.5% but held steady at 3.3 trillion The State Administration of Foreign Exchange said that in March, driven by the global macro environment, and the monetary policies of major economies …

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