Sri Lanka, Feb. 11 -- China's central bank has increased its gold reserves for the third consecutive month, with official data from the People's Bank of China (PBOC) revealing that holdings reached 73.45 million ounces by the end of January-an increase of 160,000 ounces from December 2024.

Meanwhile, global gold prices continue to soar, with the most active April gold futures contract on the COMEX division of the New York Mercantile Exchange surpassing $2,900 per ounce for the first time on Wednesday.

Investors are turning to gold as a safe-haven asset amid rising global trade tensions, driven by tariff hikes imposed by U.S. President Donald Trump, raising concerns over economic stability.

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