China Reports an Increase in Gold Reserves By 57%

Dear PGM Capital Blog readers, On Friday, July 17, China ended years of speculation about its official gold holdings by revealing an almost 60 percent jump in its reserves since 2009. The People’s Bank of China (PBOC), the country’s central bank, announced on Friday, that its gold reserves have grown by 57% to about 1,658 metric tonnes (53.31[…]