The PBoC's gold bullion holdings have now increased by 30,000 ounces, bringing total reserves to about 74.12 million ounces, with the current gold accumulation cycle starting in November 2024.
World gold prices are currently above the $4,000/ounce mark, after adjusting from the peak set in October 2025 and are still on track for the strongest year of price increase since 1979.
Rising expectations that the US Federal Reserve will cut interest rates at its December 9-10 meeting are supporting precious metals prices. With the term of Fed Chairman Jerome Powell coming to an end and the agency likely to have a new leader from the “side” of President Donald Trump, analysts say the next Fed Chairman may pursue a more dovish monetary policy stance.
According to the World Gold Council (WGC), global central bank gold purchases accelerated again in October 2025, after a mid-year lull. The trend of public sector gold purchases – which help countries hedge against the dollar’s dominance – began to expand after the Russia-Ukraine conflict broke out and the West froze Russia’s foreign exchange reserves.
The PBoC, aiming to strengthen its financial influence and position in the international gold market, is also inviting foreign central banks to deposit gold in China. Several partners have responded, including Cambodia.
Source: https://baotintuc.vn/thi-truong-tien-te/ngan-hang-nhan-dan-trung-quoc-mua-vang-thang-thu-13-lien-tiep-20251207145858445.htm
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