SAEDNEWS: China’s Central Bank Launches Unprecedented, Sustained Gold Buying, Driving Growth in Gold Prices
According to the political news service of SaedNews, the global gold market has experienced significant fluctuations and price surges in recent months. An analysis of international macroeconomic trends indicates that, alongside geopolitical factors, one of the main drivers of this price increase is the strategic shift of major central banks worldwide, particularly the People’s Bank of China (PBOC).
As reported by Tasnim, the trend in China’s gold reserves in recent years (2020–2026) shows a steep upward trajectory. This strategic move comes at a time when global investors and major economies are seeking to diversify their assets and reduce reliance on dollar-denominated holdings.
Official statistics and analyses of China’s foreign currency and gold reserves show that the country has never before held such a volume of gold in its history. Key details of this historic milestone include:
In January, the value of China’s gold reserves rose sharply by 15.7% month-on-month, reaching an unprecedented $369.6 billion. This marked the eighth consecutive monthly increase in the value of the country’s gold reserves.
Medium-term trends indicate that since October 2022, the value of China’s gold reserves has increased by $266.9 billion—an astonishing 260% surge.
In terms of volume, China’s total gold reserves reached a historic 2,308 tons last month. Statistics confirm that the People’s Bank of China has purchased gold for 15 consecutive months, a phenomenon that economists describe as an “unprecedented gold buying spree.”
This large-scale physical demand from the world’s second-largest economy, by reducing supply in the open market, sends a strong signal to global markets that gold remains a secure store of value. As long as China’s central bank continues its policy of reducing dollar dependency and accumulating gold, a strong support floor for global gold prices is expected, with this trend likely continuing to act as a key driver in international markets.
