China Devisenreserven

China’s foreign exchange reserves fell by $55.3 billion to $3.261 trillion in October 2024, the lowest in three months, and below market expectations of $3.29 trillion. The decrease was driven by a combination of factors, including currency fluctuations and shifts in asset prices. In October, the People's Bank of China held off on purchasing gold for its reserves for the sixth month in a row. Still, gold reserves increased to an equivalent of $199 billion from an equivalent of $191.5 billion in the previous month, aligned with a rise in gold prices.