China's central bank purchased 23 tonnes of gold in September, its 23rd consecutive monthly buy, raising official holdings to a record 2,410 tonnes.
Macro & Markets ·
China's central bank purchased 23 tonnes of gold in September, its largest monthly buy since September 2023 and 23rd consecutive monthly acquisition, bringing official holdings to 2,410 tonnes. Through September 2026, China has acquired 103 tonnes, positioning it as the world's fifth-largest gold holder behind the US, Germany, Italy, and France. At current pace, China could surpass Italy and France this year, which hold 2,452 and 2,437 tonnes respectively.