Reuters report it's the first "reported" increase

The Chinese are extending their shopping list it seems

Reserves now stand at 53.31m troy ounces vs 33.89m prior

The PBOC says;

  • Investing in gold is beneficial for risk management
  • Will be flexible in deciding whether to adjust gold reserves in the future
  • Increased reserves through various domestic and international channels

Gold hasn't budged on the news and has had a 2 tick range today 1143/45

China's been "acquiring" gold through various channels