The People's Bank of China has increased its gold reserves for the 19th consecutive month.

CoinFeed reported on June 7th that, according to data from the People's Bank of China, foreign exchange reserves stood at $3,442.238 billion at the end of May. China's gold reserves at the end of May were 74.96 million ounces (approximately 2,331.52 tons), an increase of 320,000 ounces (approximately 9.95 tons) month-on-month, compared to 74.64 million ounces (approximately 2,321.56 tons) at the end of April, marking the 19th consecutive month of increases in gold holdings.