China's Gold Rush: 15th Consecutive Month of Purchases, Market Volatility Soars

Money
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News18•07-02-2026, 21:19
China's Gold Rush: 15th Consecutive Month of Purchases, Market Volatility Soars
- •China's central bank confirmed its 15th consecutive month of gold purchases, increasing reserves in January.
- •The value of China's gold reserves surged to $369.58 billion in January from $319.45 billion in December.
- •Gold prices experienced significant fluctuations, reaching a historic high of nearly $5,600 per ounce before a sharp decline.
- •Overall gold consumption in China decreased for the second consecutive year, down 3.75% to 950 metric tons in 2025.
- •Demand for gold bars and coins in China significantly increased by 35.14%, indicating a shift towards safe investments.
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