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17 Jul 2015
China reports gold reserves for the first time since 2009
FXStreet (Mumbai) - China's central bank released data on its gold reserves for the first time since 2009.
Reserves stood at 53.31m at the end of June troy ounces vs 33.89m prior, the People's Bank of China said in a statement on its website. There has been increased speculation that Chinese authorities have purchased gold over recent years.
Gold currently trades at USD 1142.50/Oz. The metal has come under pressure on increased prospects of a rate hike in the US this year.
Reserves stood at 53.31m at the end of June troy ounces vs 33.89m prior, the People's Bank of China said in a statement on its website. There has been increased speculation that Chinese authorities have purchased gold over recent years.
Gold currently trades at USD 1142.50/Oz. The metal has come under pressure on increased prospects of a rate hike in the US this year.