China's central bank boosts gold holdings

In May 2026, the People's Bank of China increased its gold reserves for the nineteenth consecutive month, reaching 74.96 million ounces, up from 74.64 million ounces the previous month. However, the value of the gold reserves declined to $340.75 billion from $344.17 billion in the same period. Gold price trends continued downward in May and June, with recent trading around $4,330 per ounce, amid inflation risks and political tensions.

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