China's Central Bank Extends Gold Buying to a 15-Month Streak in January 2026

On February 7, 2026 in Beijing, new figures showed the People's Bank of China increased its gold reserves for the 15th straight month, lifting holdings from 74.15 million to 74.19 million fine troy ounces. The value of these reserves climbed from about $319.5 billion to roughly $369.6 billion as bullion prices, which had briefly neared $5,600 per ounce in January before correcting to around $4,960, remained elevated despite softer overall gold demand in China.