Steel_Steel products_The price of steel_Langesteel

China extends gold-buying streak despite price surge2026/2/9 8:51:38(Beijing Time) Lange Steel

China's official gold reserves rose in January despite an increase in gold prices, extending a 15th consecutive month of buying streak, as the country continued to diversify and optimize its international reserves, official data showed on Saturday.

Gold reserves stood at 74.19 million ounces at the end of January, up 40,000 ounces from a month earlier, the State Administration of Foreign Exchange said on Saturday.

The latest gain followed a cumulative net increase of 860,000 ounces in 2025, after the central bank resumed gold buying in November 2024.

Wang Qing, chief macroeconomic analyst at Orient Golden Credit Rating, said the continued, measured accumulation amid record-high global gold prices signals an effort to improve the composition of China's official reserves.

By the end of 2025, gold accounted for about 9.7 percent of China's official reserves — still below the global average of around 15 percent, Wang said, adding that short-term gold price volatility is unlikely to materially affect China's central bank's overall trend of boosting gold reserves.

The World Gold Council said in a recent report that while the central bank may have tactically adjusted the pace of gold purchases as prices surged, China's continued buying reflects a strategic push toward greater diversification of its expanding international reserves.

  • Lange Singapore Business Trip ..

    To build The Belt and Road \"iron and steel industry business cooperation platform, Lange steel network organized a series of international busin.....

  • TUBE, WIRE, METAL AND WELDING ..

    TEKNO is a biannual trade show covering the industries of TUBE, WIRE AND CABLE, WELDING AND CUTTING and METAL and is the best professional trade show .....

  • Lange Belt and Road Initiative..

    Lange Belt and Road Initiative Business Trip to Russia will hold on 6-10th June, 2017. At present, countries in Asia and Europe are at a critical s.....

  • 2025 China(Guangzhou)INT&apo..

    Governed By:Ministry of Commerce of the People's Republic of China Department of Foreign TradeApproved By:The Department of Foreign Trade &a..

    2024-07-19
  • 2024 China (Guangzhou) Interna..

    Governed By:Ministry of Commerce of the People's Republic of China Department of Foreign TradeApproved By:The Department of Foreign Trade &a..

    2023-09-14
  • 2023 Guangzhou International M..

    Governed By:Ministry of Commerce of the People's Republic of China Department of Foreign TradeApproved By:The Department of Foreign Trade &a..

    2022-12-22