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Financial Post

PBOC adds about 20 tons to gold reserves in July, extending streak to 21 months

AI Market Summary
China's PBOC added ~20 tons of gold in July, extending a 21-month accumulation streak and marking the largest monthly increase since Oct 2023. The data coincided with a sharp spot-gold move higher and reinforces official-sector demand alongside increased Chinese institutional buying via bullion-backed ETFs. The combination supports near-term bullion liquidity and positioning, while highlighting continued reserve diversification and physical flows toward Asia.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.24%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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China’s central bank added 20 tons of gold to its reserves in July, extending a run of monthly increases to two years. Spot gold climbed 1.8% to $4,316 an ounce. Institutional investors also increased holdings in gold ETFs, reinforcing bullish sentiment.
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