China's central bank buys gold for 16th month straight in February despite near-record prices

Core Insights - China's central bank has continued its gold purchases for the 16th consecutive month in February, despite the near-record prices of gold [1][3]. Group 1: Gold Holdings - The total gold holdings of China's central bank amount to 74.2 million ounces [2][4]. - The value of these gold holdings is approximately $387.6 billion [2][4]. Group 2: Foreign Exchange Reserves - China's foreign exchange reserves stand at $3.4 trillion [5].