China's Central Bank Executes Largest Gold Purchase Since 2023

Key Facts

1China's central bank executed its largest gold purchase since 2023, taking advantage of the recent price dip.

2Gold ETF holdings have reached a record high of 304 tons.

The People's Bank of China executed its largest gold purchase since 2023, taking advantage of a recent dip in prices. Investing.com reported that the central bank's move is part of a strategic effort to diversify its reserves and capitalize on lower price levels following a market correction.

This accumulation occurred as gold ETF holdings reached a record high of 304 tons. The increase in Chinese reserves follows economic data from October 14, 2026, which showed China's annual inflation rate at 0.9%, slightly up from the previous 0.8%.