The People's Bank of China has consecutively increased its gold reserves for 19 months, setting the longest such period since 2015.

U.S. Media: The People's Bank of China increased its gold reserves by 320,000 ounces in May, extending its gold accumulation cycle to a continuous 19 months—the longest streak since the central bank began regularly disclosing gold reserve data in 2015.

This latest purchase occurred amid persistent downward pressure on gold prices, reflecting China's central bank strategy of buying at lower levels and continuously diversifying its foreign exchange reserves, as well as underscoring the strong long-term demand for gold assets from official institutions amid global economic uncertainties.

Original article: toutiao.com/article/1867318524875851/

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