Bloomberg News: China's PBOC Adds Gold for 14th Month As Prices Hit Record
Article by Yihui Xie in Bloomberg News
China’s central bank extended its gold-buying streak to 14 months, underscoring sustained official demand for bullion as prices surge to record.
Bullion held by the People’s Bank of China rose by 30,000 troy ounces last month, according to data released on Wednesday. That brings total purchases since November 2024, when the current buying cycle started, to around 1.35 million ounces, or 42 tons.
Gold had a volatile run in the last month of 2025, surging to a record before paring some gains. Still, the metal delivered its best annual performance since 1979 on the back of central bank purchases, geopolitical angsts as well as debasement trades — a retreat from sovereign bonds and currencies for alternative stores of value.
Central banks bought nearly as much gold in ......