The People’s Bank of China increased its gold reserves by 30,000 ounces in February 2026, marking the 16th consecutive month of accumulation. This brings total holdings to 74.22 million ounces. Concurrently, China’s foreign exchange reserves rose to $3.4278 trillion, up 0.85% month-on-month, demonstrating economic resilience despite a strengthening US dollar and global market fluctuations. This persistent buying streak is widely interpreted as a strategic move to diversify national reserve assets away from the US dollar, bolster financial stability, and support the internationalization of the yuan. The trend aligns with broader global central bank demand, which saw gold ETFs attract significant inflows in February. Experts suggest this sustained official sector purchasing provides a solid demand base for gold, potentially supporting long-term price trends amid geopolitical and economic uncertainties.
China’s 16-Month Gold Accumulation Streak: Strategic Reserve Diversification Amid Global Volatility
