China Reserves Hover Above $3 Trillion on Government Support
By GCRU Gold News on Sunday, January 8 2017, 04:19 - Permalink
"China’s gold reserves stood at $67.9 billion by the end of December, compared with $69.8 billion a month earlier. The nation kept gold reserves unchanged at 59.24 million troy ounces for a second month in December, the first time it halted purchases for two consecutive months since disclosing holdings as of June 2015."
China Reserves Hover Above $3 Trillion on Government Support
Bloomberg fails to notice that the Chinese Gold Reserves decline by 20.98 tonnes.
November holdings of US$69.785 billion with a month end London PM Fix of US$1178.1 equates to 1842.41 tonnes
December holdings of US$67.878 billion with a month end London PM Fix of US$1159.1 equates to 1821.43 tonnes