Reported about 1 year ago
China's State Administration of Foreign Exchange (SAFE) announced a decrease in foreign exchange reserves in June by $96.8 billion compared to May, reflecting a 0.3% decline to $3,222.6 billion. Experts attribute this change to the combined effects of exchange rate fluctuations and asset price variations. Additionally, the People's Bank of China reported stable gold reserves for the second consecutive month at 72.8 million ounces, after 18 months of continuous gold purchases. International trends show a potential increase in central bank gold holdings in the coming year, as highlighted in recent reports by various financial institutions.
Source: YAHOO