China acquired more than 40 tonnes of gold in June through the London Over-The-Counter (OTC) market. This represents the country’s second-largest monthly gold purchase since early 2025. The People’s Bank of China has not officially reported this level of purchases, suggesting that its actual gold reserves may exceed official figures. This acquisition extends China’s continuous gold-buying streak to 20 months. This trend highlights China’s strategic interest in gold as a reserve asset.
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