Gold move from the Chinese Central Bank: It purchased 25.8 tons in October

China’s central bank accelerated gold purchases in October, adding 25.8 tonnes to its reserves even as gold prices fell sharply that month, lifting its physical gold holdings to roughly 2,435 tonnes. The move signals continued official-sector demand from Beijing despite weaker market prices. It matters because central bank buying has been a major support for gold, and the October increase suggests China is treating price dips as buying opportunities. Watch whether the pace of purchases continues in November and whether other central banks follow suit.