world’s second-largest economy China increases its Gold reserves again.
According to data from the People’s Bank of China (PBoC), world’s second-largest economy China increases its Gold reserves again. In June, China Gold reserves at the end of June 2026 were recorded at 75.44 million troy ounce, 0.48 million higher from a month earlier.
In value terms, country’s Gold reserves amounted to $303.72 billion at the end of June, down from $340.75 billion in May. Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times.
Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency.