PBOC Lifts June Gold Buying 7x to 15 Tonnes as Prices Drop to $4,250
Updated
Updated · Kitco NEWS · Jul 21
PBOC Lifts June Gold Buying 7x to 15 Tonnes as Prices Drop to $4,250
3 articles · Updated · Kitco NEWS · Jul 21
Summary
China’s central bank raised reported gold purchases to 15 tonnes in June from 2 tonnes in February, with Schroders saying lower prices triggered aggressive emerging-market buying.
Gold’s nearly 12% June decline revived an East-West split: Asian investors and central banks bought into weakness while Western investors sold on hawkish Fed expectations.
Schroders said the PBOC may be understating its true buying, noting past episodes in 2003, 2009 and 2015 when it later disclosed large catch-up additions.
At $4,200 an ounce, gold makes up about 8.3% of China’s reserves; reaching 30% would require June’s 15-tonne pace every month for 33 years.
The firm said Poland’s sustained accumulation and survey data from the World Gold Council and OMFIF suggest broad emerging-market central bank demand could support gold prices for years.
As Eastern central banks hoard gold, are Western investors on the wrong side of a historic monetary shift?
How much gold is China secretly stockpiling, and what is its ultimate plan for the global financial system?
China's Record 15-Ton Gold Purchase in June 2026 Signals Accelerating De-Dollarization and Global Reserve Shift
Overview
In June 2026, the People's Bank of China (PBOC) sharply increased its gold purchases, acquiring 15 tons and marking a record pace of accumulation. This surge happened during a broader gold price correction, as central banks worldwide continued to build up their reserves. A recent survey showed that most reserve managers expect global central bank gold holdings to rise further. While central banks like the PBOC are buying more gold, institutional investors have been selling due to higher US interest rates. This contrast highlights a shift in gold market dynamics, with central bank demand providing key support amid market volatility.