IMF data on gold reserves

China boosted its gold reserves in January to 1186.39 tonnes, after purchasing 11.82 tonnes. That's a nearly 1% increase.

Meanwhile:

  • India holding rose by 6.53 tonnes
  • Qatar holdings rose by 6.26 tonnes
  • Turkey holdings declined 5.44 tonnes

The reserve growth helps to explain some of the gold strength early in the year.