CommoditiesMedium•8 November 2026•
1 min read
PBOC Boosts Gold Reserves to 2,435 Tons in Largest Purchase in Two Years
Key Facts
1China's central bank increased its gold reserves to 2,435 tons, taking advantage of the current price slump.
2This transaction is considered the largest of its kind by the Chinese central bank in two years.
The People's Bank of China increased its gold reserves to 2,435 tons, taking advantage of the current price slump. Investing.com reported that this transaction is the largest of its kind by the Chinese central bank in two years as it moves to strengthen its gold holdings.
The People's Bank of China is capitalizing on lower gold prices to diversify its foreign exchange reserves amid a broader market downturn. This institutional buying follows recent economic data, including the Caixin Manufacturing PMI which was recorded at 52 on November 2, 2026.
China is scheduled to release its annual Inflation Rate data on November 9, 2026, an event that directly concerns the economic backdrop of these reserve adjustments.