The People’s Bank of China Adds 11 Tons (353,658 ounces) of Gold to Reserves in April.
Total reported People’s Bank of China gold reserves stand at 1,808.343 tonnes.
PBOC foreign reserves rose from $3.21 trillion in March to $3.22 trillion in April.
For the tenth month in a row, The People’s Bank of China gold reserves were updated. The latest update showed that the PBOC’s gold reserves rose to $74.751 billion at the end of April, up from $71.485 billion at end March. The addition amounted to 11 tonnes of gold or another 353,658 ounces.
Last month the PBOC announced that its gold reserves grew from 57.5 million ounces to 57.79 million ounces an increase of 290,000 ounces or 9.02 tonnes. March’s nine tons of gold added to the People’s Bank of China’s reserves was the smallest amount added since China began reporting monthly gold reserves last summer and followed an addition of just 9.9 tonnes in February. April’s report reverses two month of gold reserve additions of less than 10 tonnes.
In June 2015, the PBOC updated its gold reserves for the first time since 2009 by reporting an additional 604 tonnes.* Since then the PBOC has added another 150 tonnes of gold to its reserves.
People’s Bank of China Gold Reserves 2009-2016
*many suspect that China has under reported its gold reserves. See ““The Case of China’s Missing Gold“ and “China’s President Confirms Practice Of Moving Official Reserve Assets To Other Entities In China.”
Top Ten Gold Holding Nations
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China’s U.S. Treasury Holdings
As of February, 2016, China held $1.252 trillion in U.S. Treasury Bonds up from $1.237 trillion in January.
For a monthly update of the top foreign holders of U.S. Treasury Bonds click here.
PBOC Foreign Reserves
China’s foreign reserves had been falling steadily for nearly a year but April is the second month in a row during which The PBOC’s foreign reserves grew. Despite generally declining reserves China has continued to add gold to its reserves, albeit at a slower pace recently.
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