WS #15635
China's central bank officially purchased 23 tonnes of gold in September, extending a streak of 23 consecutive monthly buys and marking its largest single-month acquisition since September 2023. This sustained accumulation, following 20-tonne purchases in July and August, underscores a strategic de-dollarization trend and a hedge against geopolitical and currency risks. The data reinforces the structural bullish case for gold and precious metals, as central bank demand continues to provide a robust floor for prices despite short-term volatility.
China Gold Accumulation
China's central bank officially purchased 23 tonnes of gold in September, extending a streak of 23 consecutive monthly buys and marking its largest single-month acquisition since September 2023. This sustained accumulation, following 20-tonne purchases in July and August, underscores a strategic de-dollarization trend and a hedge against geopolitical and currency risks. The data reinforces the structural bullish case for gold and precious metals, as central bank demand continues to provide a robust floor for prices despite short-term volatility.