China's gold reserve accumulation strategy
The developments in this story so far, most recent first.
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Development
China’s Central Bank Adds 20 Tons to Gold Reserves in July
No separate article for this desk or language yet.
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· date approximate Background
China's central bank added about 15 tons of gold to its reserves in June.
In June, China's central bank added about 15 tons of gold to its reserves.
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· date approximate Background
China's central bank extended its gold-buying streak to 21 consecutive months.
The People's Bank of China (PBOC) extended its streak of gold purchases to 21 consecutive months. In July, the central bank added approximately 19.9 metric tons of gold to its reserves, marking the largest monthly increase since October 2023.
During this period, gold holdings rose by 640,000 ounces, bringing the total to 76.08 million ounces by the end of July. Following the release of this reserve data, spot gold prices rose by as much as 1.8% to exceed $4,316 an ounce.
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· date approximate Background
The largest monthly gold increase before July 2026 occurred in October 2023.
In October 2023, the People's Bank of China recorded a monthly gold increase that stood as the largest since before the growth seen in July 2026.