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Central banks continue to accumulate gold..
The People's Bank of China (PBoC) has announced that its official gold reserves reached 73.77 million ounces (approx. 2,294.51 tonnes) at the end of April. This represents an increase of 70,000 ounces (around 2.18 tonnes) on the previous month, marking the sixth consecutive month of growth in its gold holdings.
Gold reserves at the People's Bank of China rose by 2 tonnes in April, marking the sixth consecutive month of purchases. Year-to-date, net purchases now stand at 15 tonnes, bringing China's total gold reserves to 2,294 tonnes.
