Chinese FX reserves data published a short while ago 7 Jan
– total reserves now near 6-year lows
– gold reserves USD 67.878bln vs 69.785bln prev
– gold reserves 59.24mln troy oz vs 59.240mln prev
A drop in reserves of $41bln, albeit less than the $51bln expected versus a $69bln drop in November and the 6th straight month of declines.