BEIJING'S FOREX DIVERSIFICATION COMMENTS
Gold rose to a high of $636.50 a troy ounce yesterday following comments from the governor of China's central bank on the need for greater diversification of the country's $1,000bn foreign exchange reserves.
Rumours suggest China could build gold holdings to about 5 per cent of its FX reserves from the current estimate of 1 per cent.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
China's domestic gold output is increasing rapidly and it is now the world's fourth largest gold producer, so it is unclear how much gold it would require from overseas for reserve diversification.
中国分散外汇储备推高金价
国际市场黄金价格上周五涨至每盎司636.50美元的高位。中国央行行长此前表示，需要进一步对中国1万亿美元的外汇储备进行多样化。
有传闻称，中国可能会将外汇储备中的黄金比例，从目前的约1%提高至5%左右。
中国的黄金产量正在迅速增长，目前已是全球第四大黄金生产国。因此，中国需要从海外购买多少黄金，以实现外汇储备的多样化，现在尚不得而知。
