China added 10 tonnes of gold in May, extending a 19-month buying streak and lifting reserves to a record 2,331 tonnes

China purchased 10 tonnes of gold in May, its largest monthly addition since January 2026, marking 19 consecutive months of net buying—the longest run since at least 2015. Total gold holdings rose to a record 2,331 tonnes, with gold now accounting for more than 9% of the country's total foreign currency reserves. In 2026, only Poland and Uzbekistan have bought more. Even with gold prices down 25%, China continues to add to reserves—underscoring a long-term allocation strategy rather than a tactical trade. #Gold #CentralBanks #PreciousMetals