« on: Monday, Jun 08, 2026 11:45 am »
China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases The People’s Bank of China (PBoC) increased its gold reserves by nearly 10 tonnes last month, its 19th consecutive month of bullion purchases, according to the latest government data.
The State Administration of Foreign Exchange (SAFE) announced on Sunday that China's official gold reserves rose by 320,000 troy ounces or 9.95 tonnes in May to a total of 74.96 million troy ounces or 2331.52 tonnes.
China's total foreign exchange reserves rose to $3.4422 trillion at the end of May, increasing by $31.7 billion or 0.93% from April. This is the highest level for China’s FX reserves since November 2015, and they have remained above $3.3 trillion for the past 10 months.
SAFE attributed the growth of reserves to a number of factors, including a firmer U.S. Dollar Index and rising global asset prices, adding that China's sound economic momentum has underpinned the stability of its reserves.
Experts have noted that China's rising foreign exchange reserves are closely linked to the country’s export performance.
China's total foreign trade in the first four months of 2026 rose to $2.39 trillion, an increase of 14.9% year-on-year, with exports rising by 11.3% percent to $1.37 trillion and imports rising 20% percent to $1.01 trillion, according to the latest data from China's General Administration of Customs.
Meanwhile, China’s domestic gold market has shown definite signs of cooling in recent weeks. https://www.kitco.com/news/article/2026-06-08/china-increases-gold-reserves-995-tonnes-may-19th-straight-month-purchases
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Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are. Do not repay anyone evil for evil, but take thought for what is noble in the sight of all. If it is possible, so far as it depends on you, live peaceably with all.
Romans 12:16-18
