China’s Central Bank Extends Gold Buying Streak to 24 Months

The significance here is less the monthly tonnage than the persistence: a 24-month unbroken accumulation signals a deliberate reserve-diversification posture rather than tactical dip-buying, and the PBoC's scale makes it a structural pillar of official-sector demand. This matters most for gold-market watchers who track central-bank flows as a price-insensitive bid, and for anyone assessing how much of the metal's support rests on official rather than private hands. The open question is whether the pace holds if domestic conditions or reserve-management priorities shift, since a slower PBoC would leave a visible gap in a demand base that has leaned heavily on it.