China Gold Imports Hit 1000 Tonnes Amid Yuan Strength
Chinese gold imports have surpassed 1,000 tonnes by August, exceeding full-year 2025 levels driven by a stable yuan, investment demand, and a new licensing regime that encourages banks to maximize their allocated quotas. This trend is further underpinned by the People's Bank of China, which has now bought gold for 23 consecutive months, with recent volumes marking the highest levels since 2023.
Handelsblatt Finanzen reports that a new licensing rule introduced in June may have prompted banks to exhaust their central bank-allocated import quotas, while the PBOC extended its gold-buying streak to a 23rd consecutive month with August purchases at their highest level since 2023.
Source: Handelsblatt FinanzenChinese gold imports exceeded 1,000 tonnes by August, surpassing full-year 2025 totals due to strong investment demand and currency factors.
Source: CNBC TV18
