China’s central bank expands gold reserves for 22nd month

The 22-month streak signals a structural shift in reserve management rather than a tactical allocation, reinforcing the broader trend of central banks reducing dollar reliance. This matters for gold market liquidity and pricing dynamics, as sustained official-sector buying provides a steady demand floor. The key question is whether this pace persists if geopolitical tensions ease or if Beijing shifts focus to other reserve assets, which would test gold's resilience.