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Value of China's gold reserves fell to $59.52 billion in Nov - PBOC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - According to data from the People's Bank of China (PBOC), reported via MNI, the value of China's gold reserves fell to $59.52 billion at the end of November from end-October's $63.26 billion.

    The Chinese central bank partly attributed the drop in the value of the gold reserves to the dollar strength, as the US dollar index gained 3.45% in November.
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