China Adds $3.1 Billion in Gold, Extending Reserve-Buying Streak to 23 Months
China added 740,000 ounces of gold worth $3.1 billion to its reserves, extending the Chinese government's gold accumulation streak to 23 consecutive months, according to data shared by Watcher.Guru.
China Extends Gold Accumulation
The latest purchase brings China's total gold additions over the past 23 months to 4.67 million ounces, with the accumulated holdings valued at approximately $19.5 billion. The figures underline the scale of the government's sustained additions to its gold reserves during the period.
Watcher.Guru reported that the latest increase involved 740,000 ounces of gold, valued at $3.1 billion. The purchase marks the 23rd consecutive month in which the Chinese government has added gold to its reserves.
Gold Reserves Reach $323.5 Billion
Following the latest accumulation, China now holds roughly $323.5 billion worth of gold in its reserves. The figure represents the estimated value of the country's gold holdings following the extended period of monthly additions.
Over the 23-month period, China's purchases have totaled 4.67 million ounces, worth approximately $19.5 billion. The latest 740,000-ounce addition therefore forms part of a broader accumulation trend that has continued for nearly two years.
The data reported by Watcher.Guru specifically tracks the Chinese government's consecutive monthly gold accumulation and the resulting value of its reserves, with the latest figures extending that streak to 23 months.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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