People's Bank of China buys gold for 23rd consecutive month, gold imports hit record high
- 1The People's Bank of China recorded gold purchases of approximately 23 tons in September, marking 23 consecutive months of gold buying.
- 2China's gold imports exceeded 1,000 tons in the first 8 months of 2026, surpassing the total 2025 gold import value of $96.5 billion.
- 3China's US Treasury holdings decreased to $618 billion in July.
So what's the key point?
What is the main point? The People's Bank of China has been buying gold for 23 months straight. This means China is importing a massive amount of gold.
Source CNBC · View original ↗
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