China Central Bank Buys Gold for 4th Month as Prices Hit Record

The People's Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. China's bond traders are watching a key legislative meeting this week where lawmakers are expected to approve a fiscal package worth trillions of yuan.Source: /Bloomberg

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By Yihui Xie

March 7, 2025 at 8:07 AM UTC

This article is for subscribers only.

China’s central bank expanded its gold reserves for a fourth month in February, as the precious metal rallied to record high.

Bullion held by the People’s Bank of China rose by 0.16 million troy ounces last month, according to data released Friday. The central bank resumed increasing gold reserves in November after a six-month pause that followed an 18-month buying spree.