China’s central bank has bought gold for 23 straight months, and the country is importing more of the precious metal than ever.
The People’s Bank of China added about 23 tonnes in September, its biggest monthly purchase in almost three years, extending the longest purchasing streak since at least 2015.
Here's what's behind this buying spree: https://t.co/TWwovn13Ki
🚨 U.S. National Debt just hit $40 trillion
The last trillion was added in just 152 days.
That's $6.58 billion every single day.
Or $76,157 every second.
Interest costs now exceed $1T annually.
$CGG.TO 🚀 is having a standout session! Heatmap just flagged @chinagoldintl as a breakout candidate.
12x daily volume. +19% daily move
#gold#Mining $gdxj
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Mining and technology groups are developing crypto tokens linked to minerals in an attempt to bring the fervour of crypto into a new asset class. https://t.co/Dxb1PmlQXu
BREAKING: Gold future surge above $4,500/oz for the first time since June 5th.
This puts gold futures up +14% since July 17.
The gold market knows exactly what is coming next.
BREAKING: Global central bank gold purchases rose +62 tonnes YoY in Q2 2026, to 289 tonnes, the biggest quarterly addition since Q4 2024.
Quarter-over-quarter, gold purchases surged +231 tonnes, or +407%.
Year-to-date, central banks have acquired +345 tonnes of gold.
Poland has led these purchases at +82 tonnes, bringing its total reserves to a record 632 tonnes.
Uzbekistan and China followed, adding +41 tonnes and +40 tonnes, respectively, so far this year.
Central banks continue to accumulate gold at a rapid pace.
BREAKING: China imported +173 tonnes of gold in June, the largest monthly import since March 2024.
This also marks their 3rd consecutive monthly increase.
As a result, China's total gold imports in the first half of 2026 doubled, to ~820 tonnes, the 2nd-largest first-half total on record.
This is just ~10 tonnes below the first-half total record of ~830 tonnes set in 2025.
The surge was driven by investors buying the dip and banks increasing gold imports to rebuild inventories amid strong retail demand.
Meanwhile, gold-backed ETFs in China have attracted +28 tonnes of inflows year-to-date.
China's appetite for gold is incredibly strong.
$PINN @PinnacleAGAU is accelerating the restart of its past‑producing El Potrero mine in Mexico’s Sierra Madre Gold‑Silver Trend, advancing underground drilling, surface drilling preparation, key permits, and a US$5 million ($7.14 million) Auramet financing facility.
Led by CEO Robert Archer — who previously built Great Panther into a mid‑tier producer — the company is executing a rapid, low‑capex strategy designed to generate early cash flow, de‑risk the project internally, and position El Potrero as the launch pad for a renewed, production‑focused precious metals business.
Read more here: https://t.co/EyqtAlfncc
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Central banks are voting for gold with their balance sheets
(Kitco News by @neils_C) - Actions speak louder than words. That old cliché should be one of the defining themes in the gold market through the second half of the year.
Last month, two central bank surveys delivered an unmistakable message. The World @GOLDCOUNCIL found that a record 45% of central banks expect to increase their own #gold reserves over the next 12 months, while @OMFIF's annual survey showed that reserve managers continue to rank gold among their preferred reserve assets as they diversify portfolios in an increasingly fragmented global financial system.
Surveys, however, only tell us what policymakers intend to do. What has happened since then has added considerably more weight to that sentiment.
Story at Kitco https://t.co/Bj2vBGEMLY
HUGE: 🇨🇳 In May, the People’s Bank of China added another 10 tonnes, its largest monthly purchase since January 2025. That follows 8 tonnes in April, marking three straight months of net buying.
China has now purchased gold for 19 consecutive months, the longest streak since at least 2015. Its official reserves have reached a record 2,331 tonnes, making up over 9% of its total foreign exchange holdings.
So far this year, China ranks as the third-largest central bank gold buyer globally, behind only Poland and Uzbekistan.
China’s demand for gold continues to increase.