China’s foreign exchange reserves reached $343.83 billion by the end of August 2026, up by $19.5 billion from July, a rise of 0.57%. On the same day, other data released included: China’s central bank gold reserves of 76.73 million ounces (about 2,386.57 tonnes), an increase of 650,000 ounces (about 20.22 tonnes) quarter-on-quarter, marking the 22nd consecutive month of adding gold.
Why the increase? The U.S. dollar index fell in August, and together with global asset price movements, currency translation effects, and asset fluctuations, they combined to push up the size of foreign reserves.
The People’s Bank of China has never stopped its pace of buying gold. Continuous purchases for 22 months—this kind of patience is quite rare among central banks in major economies.
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Why the increase? The U.S. dollar index fell in August, and together with global asset price movements, currency translation effects, and asset fluctuations, they combined to push up the size of foreign reserves.
The People’s Bank of China has never stopped its pace of buying gold. Continuous purchases for 22 months—this kind of patience is quite rare among central banks in major economies.
#Follow4Follow# #HaveFollowersReply#