Global Market: China gold reserves rise for 23rd straight month, forex reserves fall
23 Articles
23 Articles
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.
China - The central bank intensified its gold purchases in September, on the basis of lower prices, shows official data published on Wednesday, Bloomberg transmits.
Gold Slid Over 6% in September and China Bought More of It Than in Any Month Since 2023
China's central bank added 740,000 ounces of gold to its reserves in September, its largest monthly purchase since October 2023. The buying came as gold fell over 6%. The People's Bank of China (PBOC) lifted its holdings to 77.47 million fine troy ounces from 76.73 million in August. September also...
According to Bloomberg News, the Chinese Central Bank's gold stocks rose by 740,000 ounces in September, which, according to data reported today, marked the 23rd month in a row with increases. China's central bank, which is one of the largest buyers of gold worldwide, has made its purchases in recent months after [...] The post China Central Bank purchased 740,000 ounces of gold in September appeared first on financial marketwelt.de.
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