The central bank of a major Asian country increased its gold holdings by 20 tons in July, significantly accelerating its gold purchases for the 21st consecutive month.
智通财经2026/08/10 09:17Show original
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(1) The global wave of central bank gold purchases continues, with the central bank of a major Asian country (China) launching a 21-month streak of consecutive gold accumulation. Even as gold prices have fallen nearly 30% from historic highs earlier this year, they have persisted in their tactical allocation of gold assets.(2) The latest foreign exchange reserve data shows that in July alone, gold purchases reached 20 tons, marking the highest single-month increase since October 2023.(3) Since March this year, the pace of central bank gold purchases has accelerated significantly, reflecting their sustained positive outlook on the value of gold as a reserve asset.
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