China buys gold for two straight years as central bank demand remains a key pillar of support

China just laughs and stacks. You got to love the takedowns. Keep on stacking.

Kitco News) – After a busy third quarter, central banks continue to take advantage of lower gold prices to increase their official reserves. China continues to play a dominant role in the marketplace, increasing its reserves for two straight years.
In social media posts highlighting October purchases, Krishan Gopaul, Senior Analyst, EMEA, at the World Gold Council, said that China bought 26 tonnes of gold, putting the nation’s official reserves on nearly equal footing with those of other developed nations.
“Gold holdings now total 2,435 tonnes. This is now 2 tonnes behind France’s gold reserves,” he said.

https://www.kitco.com/news/article/2026-11-10/china-buys-gold-two-straight-years-central-bank-demand-remains-key-pillar