PBOC Extends Gold-Buying Streak; August Add Biggest Since Late 2023

China’s central bank extended its gold-buying streak to 22 months in August, posting the country’s biggest monthly increase in official gold reserves in almost three years, China Daily reported Monday (Zhou Lanxu), citing People’s Bank of China data.

Official gold reserves rose to 76.73 million ounces by end-August, up 650,000 ounces from end-July. That was the largest monthly add since October 2023, when the increment was 740,000 ounces, according to Wind Info on the same page. August’s +650,000 also topped July’s +640,000 and June’s +480,000.

FX reserves — color only

SAFE said China’s foreign-exchange reserves stood at $3.4383 trillion at end-August, up $19.5 billion, or 0.57%, from end-July — a second monthly rise. That is color only on this gold note.

This is a separate URL from Monday’s Asian gold ~$4,395 tape and the China banks ~$53.6B capital plan.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.