China's central bank extends gold-buying streak amid surge in prices
China's central bank bought 650,000 ounces of gold in August, its largest monthly increase in nearly three years, extending purchases for 22 consecutive months. Gold prices are also reported to be rising sharply.
By DoomRadar · Published on DoomRadar .
Why it matters
Sustained official buying can influence global gold demand, prices and perceptions of reserve diversification.
Related source links
These links were collected with this event. Recorded source dates may reflect when a link was found. Article publication dates are shown only when available from the source. Open the originals for their full context.
- China Central Bank adds most gold since 2023 even as prices jump ↗mining.com · Recorded source date: Sep 7, 2026, 11:16 PM UTC
- Gold soars, but China keeps buying: People's Bank of China adds 650,000 ounces in August, biggest monthly increase in nearly 3 years, extends buying streak to 22 months ↗timesofindia.indiatimes.com · Recorded source date: Sep 8, 2026, 10:16 AM UTC
- World Gold Council: Central Banks Add 23 Metric Tons of Gold in July, Led by China's Purchases – NaturalNews.com ↗naturalnews.com · Recorded source date: Sep 8, 2026, 12:17 PM UTC
- China's central bank buys 20.2 tonnes of gold in August, largest purchase since 2023 ↗kitco.com · Recorded source date: Sep 8, 2026, 6:46 PM UTC
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