China's Central Bank Posts Its Largest Gold Buy Since 2023
The People's Bank of China added 480,000 ounces, about 14.9 tonnes, lifting official reserves to 75.44 million ounces.
- May holdings stood at 74.96 million ounces before June's jump to 75.44 million.
- The 480,000-ounce increase equals roughly 14.9 tonnes of physical gold added in one month.
- SAFE published the figures July 7, 2026, its official reserve-assets report for June.
Why it matters: A central bank stockpiling gold is a state hedging against a currency it does not control.
State Administration of Foreign Exchange (SAFE), Official Reserve Assets data ↗ · Jul 10, 20267/10/26