[Financial Channel/Comprehensive Report]Affected by the financial turmoil in Europe and the United States and rising prices, China has increased its gold holdings for five consecutive months. At the end of the month, it increased by 0.9%, and the holdings have increased for five consecutive months, during which a total of 120 tons of gold were added.
The Nikkei Chinese website reported that the People’s Bank of China also increased its holdings of gold from December 2018 to September 2019, increasing its holdings by a total of 106 tons in 10 months.
At the end of March, China’s foreign exchange reserves stood at US$3.1839 trillion (approximately NT$97.1 trillion), an increase of US$50.7 billion (approximately NT$1.54 trillion) from the end of last month, surpassing the end of last month for the first time in two months. According to China’s State Administration of Foreign Exchange, in addition to the general appreciation of financial assets globally, valuations in dollar terms also rose due to the depreciation of the dollar.
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