China Boosts Gold Reserves 1% in August, Diversifying Assets

In his article for Bloomberg Business, Ranjeetha Pakiam takes a look at China’s recent accumulations in gold and how the country now compares in the world league table on gold holdings. He observes that there is a deliberate policy of increased transparency in China “as the country improves data quality, increases its presence in commodities trading and promotes the international role of the yuan”.

• China has overtaken Russia to become the country with the fifth-largest gold hoard
• China’s accumulation of physical gold is being tipped to continue by market experts
• Monthly reporting increases Chinese transparency after years of mystery

You can read the full article on Bloomberg Business

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Courtesy of  www.GoldCore.com