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.