China FX not the only reserves climbing - gold purchases running higher also.

Author: Eamonn Sheridan | Category: News

Gold is having a bit of a soft one for the session at the beginning of the week.

Hourly candles:
Gold is having a bit of a soft one for the session at the beginning of the week.

Maybe it needs a bit of cheering up. 
  • China FX reserves came in above expectations and at the same time gold reserves up again 
  • China boosted gold purchases for the 6th consecutive month, bought 15.6 tonnes in May
  • total reserves now 1,916 tonnes (74 tonnes have been bought since the end of November)

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