China Buying Twice More Gold than Officially Reported Amid Surge in Central Bank Purchases

Sözcü

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The People's Bank of China added 20.2 tons to its gold reserves in August, bringing its total holdings to 2,387 tons. This purchase marked the largest single-month increase since October 2023.

alborsaanews.com

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The Chinese People ' s Bank added 20.2 tons of gold to its reserves in August, the largest monthly increase since October 2023, to continue to grow for the 22nd consecutive month to 2387 tons, representing 9% of total foreign-exchange reserves, up from 8% in July. According to the World Gold Council report, China ' s gold-traded investment funds have added 11 [...] articles to the World Gold Council: China has been boosting its reserve…

RayHaber

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Noteworthy data came from the Chinese front in August, when gold posted one of the strongest monthly performances of the year. As investor interest in ETFs continues, the Bank of China has accelerated gold purchases and increased its reserves for the 22nd month in a row. In contrast, demand in the physical market did not advance at the same pace. 🚆

dunya.com

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In August, when gold displayed one of its strongest monthly performances of the year, noteworthy data came from China. While investor interest in ETFs continued, the People's Bank of China accelerated its gold purchases and increased its reserves for the 22nd consecutive month. In contrast, demand in the physical market did not keep pace.