China’s Foreign-Exchange Reserves Continue Moderate Gains

The video discusses China's financial stability, highlighting the increase in FX reserves by $8.6 billion in March, attributed to valuation effects and a flexible yuan. Despite weaker growth, the reserves remain stable. Additionally, China has been increasing its gold reserves for four consecutive months, adding 11.2 tons in March. This positions China as a major gold buyer, second only to Russia, and contributes to optimism about central banks' gold holdings. Goldman Sachs predicts a rise in gold prices to $1450 an ounce within a year.

What was the increase in China's FX reserves in March?

• 10.6 billion USD

• 8.6 billion USD

• 12.6 billion USD

• 5.6 billion USD

According to UBS, what primarily contributed to the increase in FX reserves?

• Lower imports

• Valuation effects

• Increased exports

• Higher gold prices

What reason did the PBOC give for the expected stability of FX reserves?

• Decreased government spending

• Higher interest rates

• A more flexible yuan

• Increased foreign investments

How many consecutive months has China been adding to its gold reserves?

• Five months

• Four months

• Three months

• Two months

What is Goldman Sachs' prediction for gold prices in the next 12 months?

• $1400 an ounce

• $1450 an ounce

• $1500 an ounce

• $1350 an ounce