China’s Gold Reserves Rise for 23rd Straight Month in September

The persistence matters more than the size: a 23-month unbroken accumulation run signals a steady, policy-driven diversification rather than a tactical trade, and the PBoC's buying has been a quiet structural bid under gold even as other official-sector demand fluctuates. For crypto and RWA markets, the read-through is about the broader de-dollarization narrative that gold and, at the margin, tokenized hard assets both sit inside. Whether the streak continues without interruption is the open question, and any pause would be more informative than another modest monthly add.