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China's central bank extends gold purchases to ninth straight month in July
By Xiuhao Chen, Lewis Jackson, and Ashitha Shivaprasad
Reuters
Thursday, August 7, 2025
BEIJING -- China's central bank added gold to its reserves in July, its ninth consecutive month of purchases, official data showed today.
China's gold reserves rose to 73.96 million fine troy ounces at the end of July from 73.90 million ounces at the end of June. The country's gold reserves were valued at $243.99 billion at the end of last month, up from $242.93 billion at the end of June, data from the People's Bank of China showed.
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"Continued purchases by one of the world's largest central banks signal strong underlying demand for gold," said Zain Vawda, analyst at MarketPulse by OANDA. "It reinforces the idea that this is a long-term, strategic policy decision." ...
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