China’s gold reserves totalled 59.24 million fine troy ounces at the end of November, unchanged from a month earlier, the central bank said on Tuesday.

The reserves were valued at $69.8 billion, down from $75.3 billion at the end of October, reflecting the drop in the spot bullion price.

The world’s second-largest economy ranks fifth on gold reserves after the United States, Germany, Italy and France.

Source: Reuters UK