PBOC Buys 15 Tons of Gold in June as H1 Holdings Rise by 40 Tons
Updated
Updated · World Gold Council · Jul 14
PBOC Buys 15 Tons of Gold in June as H1 Holdings Rise by 40 Tons
3 articles · Updated · World Gold Council · Jul 14
Summary
China’s central bank added 15 tons of gold in June, its biggest monthly purchase since October 2023, lifting official reserves to 2,346 tons.
That brought the PBOC’s first-half increase to 40 tons and extended its buying streak to 20 straight months, the longest on record.
The purchases came as gold’s safe-haven appeal stayed strong amid geopolitical tensions, trade frictions and market volatility, even though prices fell sharply in June.
June weakness still hit China’s broader gold market: local gold ETFs saw record monthly outflows of RMB15 billion, while first-half Shanghai Gold Exchange withdrawals remained 27% below the 10-year average despite a monthly rebound.