According to Khabaronline news agency, this trend shows that the Central Bank of China has increased its buying speed in recent months, at the same time as the price of gold has decreased.
According to a report published by Bloomberg on October 7, 2026, China’s central bank increased its gold reserves in September, bringing the buying process of this precious metal to the 23rd month in a row. According to published data, China’s central bank gold reserves increased by about 740,000 ounces in September. In recent months, this bank has increased the speed of its purchases at the same time as the global price of gold has decreased.
Gold prices fell by more than 6% in September. The increase in energy prices following the conflicts in the Middle East intensified inflationary concerns and raised expectations about the interest rate hike by the US Federal Reserve; The factor that put pressure on the price of gold.
Despite this decline, some of the world’s largest capital managers still believe that long-term factors affecting the gold market are in place and have maintained their position in this market.
Bloomberg has also pointed to the increasing tendency of central banks to keep gold in the context of increasing government debt. Joachim Nagel, head of the German central bank, also said earlier that the increase in government debt strengthens the argument for increasing the share of gold in central bank reserves.
According to a World Gold Council survey of 74 central banks published in June, 45 percent of participating banks said they plan to add to their gold reserves in the coming year; The highest share since the start of this survey in 2018. Only one central bank had announced the possibility of reducing its gold reserves.
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