China gold reserves rise for 19th straight month to 74.96 million ounces
Gold holdings increased by 320,000 ounces from end-April to 74.96 million ounces at the end of May, while China’s foreign exchange reserves rose to $3.4422 trillion.
Fact Check
The Edge Malaysia, Trading Economics, PANews, and Phemex all independently report the same PBOC data: end-May 2026 gold reserves at 74.96 million fine troy ounces (up 320,000 ounces from 74.64 million in April), extending the buying streak to 19 consecutive months. The figures, monthly increment, and 19-month streak description match the claim exactly.
Summary
China’s gold reserves rose for a 19th consecutive month in May, reaching 74.96 million ounces, or about 2,331.52 tonnes, according to official data. The increase amounted to 320,000 ounces, or about 9.95 tonnes, from 74.64 million ounces, or about 2,321.56 tonnes, at the end of April. China’s foreign exchange reserves stood at $3.4422 trillion at the end of May, up $31.7 billion, or 0.93%, from the end of April. The continued accumulation of gold extends a sustained run of official purchases and underscores an ongoing diversification trend in reserve assets.
Terms & Concepts
- gold reserves: Gold held by a central bank as part of its official reserve assets
- foreign exchange reserves: Foreign-currency assets held by a country’s central bank or monetary authority
- reserve assets: Official holdings such as gold or foreign currencies maintained by a central bank