Sovereign bying has been proceeding for months and months, and if the data from China today is anything to go by no end in sight
June reserves valued at 87.268bn USD (61.94m ounces fine troy … 1.9265 tonnes.)
End may was 79.825bn USD (61.61m ounces fine troy)
This is the 7th consecutive monthly rise.
More on the FX reserves rise also:
- SAFE says due to USD fall