(Jan 7): China’s central bank extended its gold-buying streak to 14 months, underscoring sustained official demand for bullion as prices surged to records. Bullion held by the People’s Bank of China (PBOC) rose by 30,000 troy ounces last month, according to data released on Wednesday. Gold had a volatile run in the last month of 2025, surging to a record before paring some gains. The data highlighted official-sector demand as a key pillar to support gold prices into this year, as countries continued to see bullion as a hedge against the dollar. The true scale of PBOC purchases remains difficult to pin down, as numerous estimates put the actual buying higher.

Source: The Edge Markets January 07, 2026 08:57 UTC