The People's Bank of China has increased its gold holdings for the 24th consecutive month.

on November 7, according to Jinshi Data, data released by the People's Bank of China shows that China's gold reserves stood at 78.3 million ounces at the end of October, compared to 77.47 million ounces at the end of September.

This marks the 24th consecutive month the central bank has increased its gold holdings.