China's Central Bank Increases Gold Reserves for 24 Consecutive Months
nashnova research
China's gold reserves rose to 78.30 million troy ounces at end-October, marking the 24th straight month of additions; this two-year buying rhythm is now the market's key signal for reading the PBOC's reserve-diversification intent.
How much was added this time?
The PBOC (People's Bank of China) added 830,000 troy ounces in October, lifting total reserves from 77.47 million to 78.30 million ounces.
The steady monthly increment shows no sign of a slowdown in the buying pace.
What does 24 consecutive months mean?
This means → the central bank has increased its gold holdings every single month for two full years — not a tactical trade, but a deliberate long-term allocation.
In plain terms = buying once could be timing; buying 24 months in a row means gold is now a standing item on the PBOC's reserve shopping list.
Why does the PBOC keep stacking gold?
The core aim is reserve diversification — reducing reliance on any single currency asset.
This reflects a long-cycle structural shift in the PBOC's reserve mix, with gold's strategic weight rising steadily.
What should markets watch next?
Whether the 24-month streak continues is the key indicator for gauging the PBOC's allocation intent.
In plain terms = if month 25 brings another addition, this cycle is far from peaking; a pause would trigger an immediate market reassessment of the PBOC's reserve strategy.
市场有风险，内容仅供研究参考，不构成投资建议。