China’s central bank extended its gold-buying streak to 14 months, underscoring sustained official demand for bullion as prices surge to record.
Bullion held by the People’s Bank of China rose by 30,000 troy ounces last month, according to data released on Wednesday. That brings total purchases since November 2024, when the current buying cycle started, to around 1.35 million ounces, or 42 tons.