[The Central Bank Increases Gold Reserves for 19 Consecutive Months, with Expansion in the Past Three Months] Odaily Planet Daily News: Data released by the State Administration of Foreign Exchange on June 7 shows that as of the end of May 2026, China's foreign exchange reserves stood at $3.4422 trillion, an increase of $31.7 billion from the end of April, representing a 0.93% rise. On the same day, data on gold reserves revealed that China's gold reserves have increased for 19 consecutive months. According to updated official reserve asset data on June 7, as of the end of May 2026, China's gold reserves reached 74.96 million ounces, an increase of 320,000 ounces from 74.64 million ounces at the end of April. The current round of gold purchases by the People's Bank of China began in November 2024 and has continued for 19 consecutive months as of the end of May 2026. Between March 2025 and February 2026, the monthly increase in gold reserves by the central bank remained below 100,000 ounces. Since March, the monthly increases have been 160,000, 260,000, and 320,000 ounces, respectively, showing a growing pace of accumulation. Data indicates that as of the end of 2025, gold accounted for approximately 8.8% of China's official international reserves, which are primarily composed of foreign exchange reserves and gold reserves. According to data released by the European Central Bank on June 2, as of the end of 2025, gold accounted for 27% of the total reserve assets held by central banks globally, up from 20% at the end of the previous year. This suggests that China's current gold reserve proportion is significantly lower, leaving considerable room for further accumulation in the future. (Chang'an Street Observer)