China Bought 20 Tons of Gold in August, Its Biggest Haul in Nearly Three Years

China’s central bank’s gold reserves rose by 650,000 ounces of gold in August, its largest monthly addition since October 2023.  The addition extends Beijing’s buying run to 22 straight months. Purchases sped up while gold posted its strongest monthly gain since January.

Beijing Keeps Buying While Prices Run Hot Consecutive months of buying have transformed the pace of Chinese accumulation. The People’s Bank of China (PBOC) added 30,000 ounces in February.

August brought in more than 21 times that figure, according to data from the State Administration of Foreign Exchange (SAFE). Reserves finished the month at 76.73 million fine troy ounces. The 650,000-ounce gain equals roughly 20.2 metric tons of metal.

Follow us on X to get the latest news as it happens China’s Gold Buying Streak In 2026. Source: BeInCrypto/SAFE The last time Beijing bought more was October 2023, at 740,000 ounces. It also topped July’s 640,000 ounces.