by Mike Maharrey, Gold Seek:

Central banks continued to add to their gold reserves in February, albeit at a slightly slower pace.

On net, global central bank gold reserves increased by 19 tons in February with some selling pushing down that total. It was the ninth straight month of net central bank gold buying.

China was the biggest buyer in February. The People’s Bank of China increased its official gold holdings by 12 tons. The Chinese central bank has added gold to its hoard for 16 straight months. China officially holds 2,257 tons of gold. The Chinese have added over 300 tons of gold to their reserve since they resumed reporting gold purchases in October 2022.