The PBOC’s gold holdings edged up to 74.19 million fine troy ounces at the end of January, from 74.15 million a month earlier. In value terms, China’s gold reserves rose to $369.58 billion, compared with $319.45 billion at the end of the previous month.
Gold, widely viewed as a safe-haven against political and economic uncertainty, surged in January amid a wave of speculative buying, hitting a record close to $5,600 per ounce.