JUST IN: 🇨🇳 China buys 740,000 ounces of gold worth $3,100,000,000 This is the 23rd consecutive month of gold accumulation by the Chinese government. Over the past 23 months, China has added 4.67 million ounces of gold to its reserves, worth approximately $19.5 billion. China now holds roughly $323.5 billion worth of gold in its reserves.