China Keeps Buying Gold $XAU — Reserves Hit 74.2 Million Oz as Central Bank Doubles Down 📈🪙
China’s central bank added more #GOLD $XAU in February, marking the 16th month in a row of buying. State Administration of Foreign Exchange (SAFE) noted that China added 30,000 troy ounces of gold to its reserve last month, marking total reserves to 74.2 million ounces (~2,308 tons), worth about $387.6 billion. 🔥
By the end of February, China’s foreign exchange reserves rose to $3.4 trillion — $8.7 billion more than January — the seventh straight month of growth. SAFE credits exchange-rate effects and a stronger dollar index for part of the increase.
Massive purchases of #GOLD $XAU continued late last year: China bought a record $961 million worth #GOLD from Russia in November 2025. Gold buys exceeded $900 million for two months (October’s buy was $930 million). January–November purchases totaled $1.9 billion versus $223 million a year earlier — nearly nine times more. ⚠️
This buying trend of #GOLD is part of China’s plan to diversify reserves and reduce reliance on the U.S. dollar. If the trend since mid-2022 continues, China may add more than 1,080 tons to it's gold stockpile.
China’s fast and massive purchases are helping to push gold prices higher. Traders and investors should watch this long term events closely. 📊
Follow for more updates on precious metal market @TZ_Crypto_Insights