PANews reported on January 7th that the People's Bank of China (PBOC) reported China's gold reserves at the end of December at 74.15 million ounces (approximately 2,306.323 tons), an increase of 30,000 ounces (approximately 0.93 tons) month-on-month, marking the 14th consecutive month of gold purchases. China's foreign exchange reserves at the end of December were $3,357.869 billion, an increase of $11.497 billion month-on-month. This was below the expected $3,360 billion and the previous value of $3,346.37 billion.