China's Gold Imports Fuel Recovery Amid Market Pressures
The gold price on September 26, 2026, experienced a slight recovery amidst various market pressures. However, it remains uncertain whether the precious metal can avoid a week of declines. World gold prices have fallen by 0.3% and 1.6% in the last two trading sessions, respectively.
The drop in oil prices has eased immediate inflationary pressures, partially reducing pressure on bond yields and the US dollar, which is favorable to gold prices. However, unresolved transportation risks continue to fuel safe-haven demand for gold.
China's central bank and investors have been buying gold, with customs data showing that China imported over 1,000 tons of gold in the first eight months of the year, at a cost of nearly $159 billion. This figure is higher than last year's total of $96.5 billion for 886 tons of gold.
According to Lisa Liu, director of Gold Mountains Asset Management, 'The country's central bank and individual investors are both diversifying their reserves to reduce risk. This is also a strategy to preserve assets in the long term.'