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China Accelerates Gold Purchases as Central Banks Expand Bullion Reserves
China purchased 23 tonnes of gold in September. This purchase marked the nation's largest monthly acquisition in nearly three years. September was also China's 23rd consecutive month of gold buying. In 2026, the country accumulated over 100 tonnes of gold. This activity raised China's total gold reserves to 2,410 tonnes. As a result, China now ranks as the fifth-largest gold holder globally. Multiple other central banks have also increased their bullion holdings significantly. These institutions include the central banks of Poland, Uzbekistan, and Kazakhstan. A broader trend shows central banks expanding gold's share in global reserves.