China adds more gold, records 10th consecutive month of reserve acquisition

Jakarta, Pintu News – China ‘s central bank, the People’s Bank of China (PBOC), continues to add to the country’s gold reserves, showing a long-term commitment despite gold prices being at their highest. The latest official data shows China bought 0.06 million troy ounces of gold in August, bringing the country’s total gold reserves to 74.02 million troy ounces.

1. 10 Months in a Row to Add Gold

China has made gold purchases for 10 consecutive months since November 2024, with a total accumulation of nearly 1.22 million troy ounces of gold. The move represents a strategy to diversify international reserves and reduce dependence on the US dollar.

Adrian Ash, head of research at Bullion Vault, emphasized:

“China’s continued accumulation confirms long-term confidence in gold. It also supports the confidence of the public and private investors in China in gold.”

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2. Purchase Drivers

Several factors motivate China to buy gold:

• Global economic uncertainty.
• Risk of US Federal Reserve intervention.
• Decreased exposure to US debt.
• Efforts to diversify reserves and protect against US dollar fluctuations.

Goldman Sachs even estimates that gold prices could rise to US$5,000 per ounce if the Federal Reserve’s independence is compromised by certain policies.

3. Strategic Impact

Although monthly purchases are relatively small, this action sends a strong signal: China views gold as a key long-term reserve asset. This could also affect global market sentiment towards gold, as the actions of large countries are often referenced by both institutional and individual investors.

4. Global Trends

Other countries have also begun to replenish gold reserves as a safety measure against financial market volatility and geopolitical tensions. China’s action is one of the important indicators of the precious metals market movement in 2025.

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Reference

• Sergio Goschenko, Bitcoin.com News. China Buys Gold yet Again, Consolidates 10-Month Purchase Streak