China buys 40 tonnes of gold in June, second-largest since early 2025

China’s acquisition of more than 40 tonnes of gold in June through the London Over-The-Counter (OTC) market marks the country’s second-largest monthly gold purchase since early 2025. The People’s Bank of China has not officially reported this level of purchases, indicating that their actual gold accumulation may surpass official figures. This development extends China’s continuous gold-buying streak to 20 months, highlighting ongoing demand from the central bank. The purchases come amid broader market speculation and analysis suggesting China’s strategic interest in gold as a reserve asset.

Key Takeaways

• Recent gold acquisitions by China appear consistent with sustained demand, as market activity suggests higher-than-reported purchases.
• The continued central bank interest in gold suggests supportive conditions for future price expectations.
• Markets appear to interpret China’s actions as indicative of strategic reserve strengthening, potentially impacting global gold markets.

What to Watch

Observers are closely monitoring China’s subsequent gold purchases and official reserve disclosures, which could further influence market perceptions. Any announcements from the People’s Bank of China regarding additional purchases or policy shifts may indicate future trends. Additionally, global economic factors such as U.S. Federal Reserve decisions and geopolitical developments could significantly impact gold market dynamics. Market participants will be attentive to these indicators, which may be consistent with scenarios of price increases.

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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.