China's PBoC logs 22nd straight month of gold purchases; holdings hit record ~2,387 tonnes
AI Market Summary
China's central bank extended its gold-buying streak to 22 consecutive months, adding roughly 80 tonnes in 2026 and lifting official reserves to a record ~2,387 tonnes. Sustained, price-insensitive sovereign demand tightens the physical market and reinforces gold's role as a strategic reserve asset amid diversification away from traditional FX reserves. Near term, this raises sensitivity to further reserve data and may firm bullion risk premia.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.05%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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China's central bank extended its run of gold buying to 22 consecutive months, adding about 80 tonnes in 2026 and lifting official reserves to a record roughly 2,387 tonnes.
