China Boosts Gold Reserves for 24th Consecutive Month
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Insights by Echo AI
China's central bank increased its gold holdings by 830,000 ounces (25.8 tons) in October, marking the 24th straight month of purchases. Despite a nearly 7% drop in gold prices, China added to its reserves, bringing its total purchases for the first ten months of 2026 to around 129 tons. This move is part of China's ongoing effort to diversify its foreign exchange reserves and reduce reliance on the US dollar.
Source coverage
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China's gold reserves $306.41 billion at end-October vs $323.52 billio...
China's gold holdings 78.30 million fine troy oz at end-October vs 77....
中國央行連續24個月增持黃金 上月加倉83萬盎司 外儲規模輕微回升 人民銀行今日（7日）公佈，中國10月底黃金儲備為7,830萬盎司，較9月...
Çin Merkez Bankası'ndan altın hamlesi: Ekim ayında 25,8 ton alım yaptı...
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