China has again increased its gold reserves. At the end of January, the figure reached 59.94 million ounces, compared to 59.56 million the previous month, according to figures published on Tuesday by the People's Bank of China.
It is the second consecutive month that China, the world's largest consumer and producer of gold, increases the reserves of this precious metal. Before its acquisition in December, the last time the Asian giant bought gold was in 2016. Last year, central banks were the largest buyers of the metal with almost 75%. The entities acquired bullion worth 27,000 million dollars, the largest amount in almost five decades.