China’s Gold reserves increased for fourth month with +11.2 tons addition in March

China’s central bank recently released data of its gold reserves on their website and conveyed the dragon nation’s sustained favor for the bullion.

The People’s Bank of China notified the fourth consecutive monthly increase in its gold reserve.

As per the numbers, an addition of 60.62 million ounces of the gold was made into the central bank’s reserves during March versus February month increase of 60.26 million ounces. Looking at the tonnage terms, the increase sumps up to 11.2 tons compared to 9.95 tons addition registered earlier month.