China's Forex Reserves Hit $3.28 Trillion in April, Gold Holdings Reach $243.6 Billion for Sixth Month

27 posts • GPT (4.1)

Updated May 8, 2025, 04:25 PM

China's foreign exchange reserves increased to $3.2817 trillion at the end of April 2025, up by $41 billion or 1.27% from March, according to the State Administration of Foreign Exchange. This marks the seventeenth consecutive month that reserves have remained above $3.2 trillion. The rise in reserves was mainly due to currency translation effects and changes in global asset prices, as the US dollar index declined 4.6% during April. China's gold reserves expanded for the sixth consecutive month, reaching 73.77 million troy ounces at the end of April, an increase of 70,000 ounces from March. The value of gold holdings rose to $243.59 billion, up from $229.59 billion in the previous month. The People's Bank of China added 2 metric tons of gold in April. Gold now accounts for 5.5% of China's official international reserve assets. The central bank has added close to 1 million ounces of gold since resuming purchases in November 2024. Central bank gold purchases globally have increased five-fold since 2022. The Shanghai gold price traded at a premium to international benchmarks, and spot gold reached a record $3,500.05 per ounce in April, with prices up nearly 30% year-to-date.

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Sources

jp.reuters.com(2)english.news.cn businessam.be yicaiglobal.com

Chinese Mission to UN

@Chinamission2un

China's foreign exchange reserves totaled 3.2817 trillion U.S. dollars at the end of April 2025, up by 41 billion U.S. dollars, or 1.27 percent, compared to the end of March. https://t.co/4ojVTwPRUP

Business AM

@businessamnl

China's gold reserves rose for the sixth month in a row https://t.co/H89htM0ebs #China #goudreserves #deviezen #financiën #economie https://t.co/XRD26OcLs9