🚨 LATEST UPDATE :
China acquired +40 tonnes of gold in June via the London OTC market, marking their 2nd-largest monthly purchase since early 2025.
This is 167% more than the official +15 tonnes reported by China's central bank for June.
This also follows an estimated +48 tonnes acquired through the OTC market in May, +380% above the +10 tonnes officially reported by the central bank.
Meanwhile, China’s central bank officially added another +20 tonnes of gold in July, its largest monthly purchase since October 2023.
Year-to-date, China has officially increased its gold reserves by +60 tonnes, bringing total holdings to a record 2,366 tonnes.
Therefore, China acquired an estimated +88 tonnes of gold through the OTC market in just May and June, more than the amount officially reported for the entire year so far.
China is buying far more gold than their official data shows.
$XAU $AAVE $XAG
China acquired +40 tonnes of gold in June via the London OTC market, marking their 2nd-largest monthly purchase since early 2025.
This is 167% more than the official +15 tonnes reported by China's central bank for June.
This also follows an estimated +48 tonnes acquired through the OTC market in May, +380% above the +10 tonnes officially reported by the central bank.
Meanwhile, China’s central bank officially added another +20 tonnes of gold in July, its largest monthly purchase since October 2023.
Year-to-date, China has officially increased its gold reserves by +60 tonnes, bringing total holdings to a record 2,366 tonnes.
Therefore, China acquired an estimated +88 tonnes of gold through the OTC market in just May and June, more than the amount officially reported for the entire year so far.
China is buying far more gold than their official data shows.
$XAU $AAVE $XAG