EconomyPBOC extends gold-buying streak to 22 months with record monthly increase
China’s central bank bought gold for a 22nd consecutive month in August, lifting holdings by 650,000 ounces to 76.73 million ounces. It was the largest monthly increase since purchases resumed in November 2024. An analyst said concerns over U.S. fiscal risks and the dollar’s credibility may have accelerated the buying, as China seeks to optimize its reserve structure.
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China News Service★★★☆☆2026-09-08 02:44Original
PBOC extends gold-buying streak to 22 months with record monthly increase