Get $500 and your FREE investor kit!

Request your FREE Precious Metals Investor Kit and we’ll immediately add $500 to your account to help you get started!

The $500 can be used for shipping, insurance charges or IRA custodial fees

Lear does not provide financial advice and is a for profit retailer.
Skip to main content
Back to Top
Speak to a specialist 800-576-9355

Bloomberg News: China's PBOC Keeps Buying Gold as Reserves Grow For Eighth Month

July 9, 2025
China's PBOC Keeps Buying Gold as Reserves Grow For Eighth Month

Article by Sybilla Gross in Bloomberg News

China added to its official gold reserves for an eighth straight month in June, as prices of the precious metal traded near a record high.

Bullion held by the People’s Bank of China rose by 70,000 troy ounces last month, according to date on Monday. Its gold reserves have climbed by 1.1 million troy ounces — or about 34.2 tons — since the current run of purchases began in November last year.

Gold has climbed more than a quarter year to date, underpinned by robust demand from global central banks, as well as safe-haven flows amid an escalating conflict in the Middle East and US President Donald Trump’s aggressive economic and trade agendas.

While the rally showed signs of cooling in June, with prices ending the month little changed, ongoing official-sector buying is likely to remain a strong support. Persistent concerns about the ballooning US fiscal deficit and a perceived weakening of the dollar are .....

To continue reading this article, click here!

Secure Your Retirement with Gold

Free 2025 Gold Kit

* denotes a required field.

Lear does not provide financial advice and is a for profit retailer.
We respect your Privacy