7/2/2026, 9:54:01 pm

China's central bank buys gold for 15th month straight

China's People's Bank of China (PBOC) continued gold purchases for 15 months, buying 40,000 troy ounces in January, and accumulated 860 tons in 2025 according to the World Gold Council. Demand is expected to stay strong, supporting gold in official reserves. The PBOC cut interest rates last month to stimulate the economy, announcing further possible reductions this year.