China Expands Gold Reserves Despite Recent Price Pullback 🟡 $XAU

China’s central bank, the People’s Bank of China (PBOC), added another 40,000 troy ounces of gold to its reserves in January, marking 15 consecutive months of gold accumulation. The continued buying trend signals sustained long-term demand from one of the world’s largest reserve managers.

Earlier in January, gold ($PAXG ) and silver ($XAG ) prices climbed to record highs before experiencing a sharp correction on January 30. Gold fell roughly 10% 🔻, silver dropped 16% 🔻, and copper declined 5.7% 🔻 — making it one of the toughest sessions for precious metals in recent years.

During the downturn, hedge funds and large traders reduced bullish gold positions by approximately 23% that week 📉, accelerating the sell-off. However, central banks took a different approach, stepping in to accumulate during the dip. Since early 2025, official central bank gold purchases have reportedly surpassed 860 metric tons 🏦.

The PBOC’s steady buying amid volatility highlights how institutional players often use price weakness as a long-term accumulation opportunity. For long-term investors, sharp corrections can create more attractive entry points when supported by continued structural demand.

#GoldSilverRally #CentralBankGold #GOLD_UPDATE #BTCVSGOLD⚡✨⚡ #GoldSilver