China Gold Reserves Rise Over 1% on Month: Report

Beijing: China's gold reserves rose by more than 19 tonnes in July, the official Xinhua news agency said on Saturday, after the central bank last month gave the statistic for the first time in six years. Bullion holdings stood at 1,677.30 tonnes at the end of July, Xinhua said citing the People's Bank of China (PBoC), a 1.16 per cent increase on June's 1,658 tonnes. The rise is worth nearly $700 million, according to Friday's price...