(Kitco News) – China’s central bank added gold to its reserves for the 16th consecutive month in February, even as escalating geopolitical tensions kept the price of bullion not far from January’s all-time highs.The People’s Bank of China added 30,000 ounces of gold to its reserves last month, bringing its total gold holdings to 74.2 million ounces of gold as of the end of February, valued at approximately $387.6 billion, according to the State Administration of Foreign Exchange (SAFE).
