The People's Bank of China has increased its gold reserves for 20 straight months, marking a record stretch since comparable data began in 1999. In June alone, China purchased 15 tons of gold as part of this ongoing accumulation.
This trend reflects a broader pattern among central banks in emerging markets and other regions, which have boosted gold purchases amid declining prices. This activity contrasts sharply with institutional investors who are selling gold in response to rising U.S. interest rates, seeking higher returns elsewhere.
According to a report from Nikkei Asia, these developments highlight differing strategies between central banks and institutional investors regarding gold holdings.
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