China Accelerates Gold Reserves Amid Crypto Crackdown
China's central bank has extended its gold-buying spree to 15 consecutive months, adding 40,000 troy ounces in January 2026 despite a sharp market correction. Holdings now stand at 74.19 million ounces—valued at $369.58 billion—reinforcing gold's role as a hedge against currency risk and global uncertainty.
The MOVE aligns with a broader trend among central banks, which collectively acquired over 860 tons of gold in 2025. While below peak levels, demand remains historically robust, with annual totals surpassing 5,000 tonnes. Analysts view this sustained accumulation as a price floor stabilizer and a strategic shift away from dollar dependency.