Gold keeps falling, and China keeps buying. So it turns out that this backlash is driving down the price of gold? The People's Bank of China's foreign exchange reserves decreased by US$45 billion from the previous month to US$3.115 billion at the end of September. Gold reserves have increased for 11 consecutive months, increasing by 840,000 ounces from the previous month to 69.62 million ounces. The price of gold fell from over 610 yuan/gram in September to less than 590 yuan. Gold and the U.S. dollar have a seesaw relationship. Of course, the price of gold is ultimately the result of JPMorgan Chase and Citigroup joining forces to maintain the stability of the U.S. dollar.