China increased its gold reserves in March, marking its largest monthly purchase in more than a year as prices declined.
The country added 160,000 ounces of bullion, extending its buying streak to 17 consecutive months and lifting total holdings to 74.38 million ounces, data from the State Administration of Foreign Exchange (SAFE) showed Tuesday.
The increase came as gold prices dropped amid volatility linked to the U.S.-Iran conflict. London spot gold fell nearly 12% in March.
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