China has continuously increased its gold reserves for 16 consecutive months, highlighting a trend toward diversified investments.

World Gold Council: China has continuously increased its gold reserves for the 16th consecutive month in February

According to a message released by the World Gold Council, the Chinese central bank has continuously increased its gold reserves for the 16th consecutive month in February.

Analysts pointed out: "The Chinese central bank increased its gold reserves by 1 ton in February, bringing the total holding to 2,309 tons. Gold currently accounts for 10% of foreign exchange reserves, with the reserves increasing by 0.9% from last month to reach 390 billion US dollars."

They added: "China's gold reserves have been increasing for 16 consecutive months, which conveys an important signal: in today's world, gold still plays a crucial role as an effective tool for portfolio diversification and hedging against uncertainty."

Original: toutiao.com/article/1859578620110860/

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