China Is Buying Twice as Much Gold as It Reports
20 Articles
20 Articles
China's gold imports exceed 1000 tons for the first time. Investors and central bank buy heavily – and the yuan plays an important role in this.
In eight months, the country imported more gold than in 2025.
China imported over 1,000 tons of gold in the first eight months of the year, the highest level since 2017. A strong yuan and high investment demand supported imports, while the central bank extended its uninterrupted gold purchase series to two years.
Strong demand from investors, a firm yuan and the prospect of falling prices drive the gold purchases in China to a record level. Behind this is also political calculation.
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