in Nanyang. China's central bank has increased its gold holdings for 24 consecutive months, with reserves reaching 78.3 million ounces at the end of October.
China's total official reserve assets at the end of October stood at $3.77 trillion, down about $11.9 billion from $3.78 trillion at the end of September. This was mainly driven by the decline in international gold prices and the decline in the valuation of gold reserves.