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XAU/USD. Analysis and Forecast
In February, the People's Bank of
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In February, the People's Bank of China continued to build up its gold reserves for the 16th month in a row, despite geopolitical tensions that kept gold prices near January's record levels. According to the State Administration of Foreign Exchange (SAFE), an additional 30,000 troy ounces were added last month, bringing total reserves to 74.2 million ounces (~2,308 tons), valued at about $387.6 billion. Since November 2024, the increase has exceeded 1.4 million ounces.By the end of February, China's foreign
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