China's central bank increased its gold holdings for the 24th consecutive month.
Original headline中国央行连续第 24 个月增持黄金
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China’s central bank raised its gold reserves to 78.30 million ounces at the end of October from 77.47 million ounces in September, marking a 24th consecutive month of accumulation. The roughly 0.83 million-ounce increase extends a sustained official buying streak that has supported gold demand and signaled continued reserve diversification by Beijing. The data point matters for bullion markets because central-bank purchases have been a key pillar of gold’s rally. Traders will watch whether the pace of Chinese official buying accelerates or slows in coming months, and how that aligns with broader emerging-market reserve trends.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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People's Bank of China, gold (XAU)
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