China's Central Bank Adds Gold for 23rd Straight Month, September Purchases of 740,000 Ounces Mark Strongest Pace Since March - BigGo Finance

China's central bank purchased 740,000 ounces of gold in September, extending its buying streak to 23 consecutive months, according to BigGo Finance. The September addition represents the strongest monthly pace since March, suggesting the institution has not stepped back from its steady accumulation despite elevated gold prices.

The scale of the purchase matters because central bank demand has become a significant structural component of the gold market in recent years. When a major sovereign buyer sustains purchases over nearly two years, it can influence both physical market balances and broader sentiment. The fact that buying accelerated rather than slowed in September indicates reserve diversification remains an active policy priority.

For market participants, the key question is whether this pace continues. Sustained official-sector demand can provide a durable floor under prices, but monthly figures fluctuate and a single month does not establish a trend. Investors may also watch whether other central banks report similar activity, since coordinated reserve diversification tends to carry more market weight than any single buyer's flows.