China Gold Buying Strong as PBoC Adds 23 Tonne
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China is significantly increasing its gold reserves, in a strategy associated with the diversification of financial assets and the reduction of the dependence of the US dollar. The Chinese central bank accumulated 23 consecutive months of purchases, having acquired about 23 tons only in September. In the first eight months of 2026, Chinese imports [...] The Chinese content reinforces gold purchases to reduce the dependence of the dollar appears …
China Gold Buying Strong as PBoC Adds 23 Tonne
The World Gold Council reported that the People's Bank of China announced the addition of 23 tonnes of gold to its reserves during September, the largest monthly increase since October 2023, lifting its third-quarter purchases to 63 tonnes, the strongest quarter since the third quarter of 2023.
From a market where citizens could not freely own gold bullion to one of the most important buyers of gold - China has crossed that path in a relatively short period of time, in just two decades. Today, Beijing sees gold as protection against the dominance of the US dollar, and citizens see it as an alternative to real estate and modest returns on savings. However, even the purchases of the Chinese central bank for 23 consecutive months were not…
China Gold Reserves: Gold prices fell in the global market, dollar strengthened and bond yields increased. Therefore, it seems that the attraction of Guntawan has decreased somewhat. However, during this period, China has set its sights on increasing its purchases of gold. Does the Central Bank of China increase Sony's stock when prices are falling? To reduce dependence on the dollar, China will […]
While the drop in gold prices may have made many investors cautious about purchasing, China has increased its gold buying pace during this period. In September 2026, China's central bank added approximately 23 tons of gold to its reserves.
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