The Chinese Central Bank's appetite for gold is not abating: The buying streak has reached 24 months

China’s central bank extended its uninterrupted gold-buying streak to 24 months in October, continuing to add bullion to reserves even as prices fell below $4,000 an ounce. The People’s Bank of China remains the largest official-sector buyer globally, and its sustained purchases have been a key support for gold prices. The renewed accumulation signals Beijing’s continued appetite for reserve diversification despite elevated price levels. Investors will watch whether the PBOC maintains the pace of purchases in coming months and whether other central banks follow suit, with monthly reserve data and price moves around the $4,000 threshold in focus.