PBOC Gold Buying Streak Hits 22 Months

China's central bank has continued to buy gold, adding approximately 20.2 tonnes in August.

This marks the 22nd consecutive month of purchases from the People's Bank of China, with its largest monthly addition since October 2023, despite elevated prices.

The buying streak suggests that the central bank's demand is strategic rather than dependent on cheaper entry points, indicating an ongoing effort to diversify national reserves.

For gold investors, this recurring institutional demand can support prices during periods of weak investment flows elsewhere.