China's central bank extends gold-buying streak amid surge in prices

China

First seen: Sep 7, 2026, 11:16 PM UTCUpdated: Sep 8, 2026, 12:32 PM UTC

WHAT HAPPENED

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.

SO WHAT?

Sustained official buying can influence global gold demand, prices and perceptions of reserve diversification.

FOR ME

Impact on Switzerland

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MARKETS

Market impact

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COVERAGE

Reports behind this event

finance.yahoo.comen

China Bought 20 Tons of Gold in August, Its Biggest Haul in Nearly Three Years

Sep 8, 2026, 12:32 PM UTC

naturalnews.comen

World Gold Council: Central Banks Add 23 Metric Tons of Gold in July, Led by China's Purchases – NaturalNews.com

Sep 8, 2026, 12:17 PM UTC

hurriyetdailynews.comen

Gold delivers highest real return in August

Sep 8, 2026, 10:47 AM UTC

timesofindia.indiatimes.comen

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

Sep 8, 2026, 10:16 AM UTC

chiangraitimes.comen

China Stockpiles Gold Bullion at Record Rates

Sep 8, 2026, 3:16 AM UTC

mining.comen

China Central Bank adds most gold since 2023 even as prices jump

Sep 7, 2026, 11:16 PM UTC