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China's central bank buys gold for 15th consecutive month
China's central bank modestly increased gold reserves to 74.19 million ounces, representing 9.7% of official reserves, aiming for long-term diversification and risk hedging.
- The People's Bank of China extended gold purchases into a 15th month, raising holdings to 74.19 million fine troy ounces and reserves' value to $369.58 billion.
- Beijing is shifting reserves to gold to diversify, buying to hedge political and economic risks as gold made up about 9.7 per cent of official reserves by end-2025, below the global average of around 15 per cent.
- On paper the monthly moves are small, with the People's Bank of China adding a total of 860,000 ounces in 2025 after resuming in November 2024.
- Fifteen months of purchases signals policy, as Beijing aims to build an alternative ballast that preserves optionality and resists sanctions, analysts and the World Gold Council say.
- Market swings around the US Fed nomination coincided with the PBOC's continued buying, with gold plunging to US$4,403.24 per ounce on Monday.
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China's bank buys gold for 15th month
China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China (PBOC) showed on Saturday. The country's gold holdings rose to 74.19 million fine troy ounces by the end of January, up from 74.15 million the previous month. The value of China's gold reserves increased to $369.58 billion at the end of last month from $319.45 billion a month earlier, according to the PBOC. Gold, long seen as a s…
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Total News Sources28
Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
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