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The Economic Times

National / The Economic Times

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China gold reserves rise most since 2023 even as bullion tumbles

China's central bank reported its largest monthly gold reserve increase in over two years. The People's Bank of China added nearly fifteen metric tons to its holdings. This occurred even as gold prices experienced a significant sharp decline during June. The value of China's gold reserves decreased despite the increased quantity of bullion. Traders anticipated higher interest rates and a stronger dollar impacting the market.

7 Jul 2026 3:42 pm