Global Market: China gold reserves rise for 23rd straight month, forex reserves fall
34 Articles
34 Articles
China continues to strengthen its gold reserves for the 23rd consecutive month, taking advantage of falling prices, amid an increasing trend of global central banks towards precious metal to diversify reserves.
Global central banks purchased 39 tons of gold in August 2026, according to data from the World Gold Council (WGC). Global central banks continued to increase their gold reserves in August 2026. Large and regular buyers of gold remained active in 2026. On an annual basis, central banks reported a total purchase volume of 170 tons. The most active buyers in August were the central banks of China (+20 tons), Poland (+8 tons) and Uzbekistan (+8 ton…
As global central bank demand for gold accelerated again in August, Türkiye also increased its reserves after a three-month period of selling. China and Poland were leading the way in purchases, while Russia continued its selling trend.
The Economic Times
Times of IndiaGlobal Market: China gold reserves rise for 23rd straight month, forex reserves fall
Chinas central bank raised its gold holdings for the 23rd consecutive month in September, underscoring its efforts to diversify reserves amid shifting global financial markets. However, the countrys foreign exchange reserves fell more than expected to $3.400 trillion, pressured by a stronger US dollar. The yuan strengthened 0.22% against the greenback during the month.
Economy: Direct. The Central Bank of China continued its ongoing strategy to increase its gold holdings, adding more precious metal to its reserves over the past month, bringing it closer to...
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