cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

China Makes Largest Gold Purchase Since 2023 as Bullion’s Price Surges 8%

-

by

cryptd.in
in

China made its largest monthly gold purchase in nearly three years and continues a massive accumulation streak, while other central banks have refocused on the precious metal.

This is among the reasons behind the asset’s price resurgence over the past week, in which it gained 8% from bottom to top.

China Buys Big

Data provided by The Kobeissi Letter 쇼 that the People’s Bank of China (PBOC) added approximately 640,000 troy ounces, or roughly 20 tons, of gold in July alone, making it the biggest single-month purchase since October 2023.

Its streak has extended to a highly impressive 21 consecutive months of buying gold. The reserves climbed to just over 76 million ounces at the end of July from under 75.5 million in June. Current prices show that the country’s gold stash is worth over $306 billion.

Perhaps the bigger story here is the pace at which China is accelerating its purchases. It added only 160,000 ounces in March, followed by progressively larger acquisitions over the subsequent months. June’s 480,000-ounce accumulation was already the biggest in almost three years, only to be beaten by July’s acquisition.

Beijing has also focused on moving a large portion of its gold reserves from London to Hong Kong as it continues to support the city’s ambition to become a major precious metal hub.

“The relocation is set to continue as Hong Kong launches a new gold-clearing system aimed at making the city a bigger center for global gold trading and pricing,” said the analysts at The Kobeissi Letter.

Meanwhile, the World Gold Council data shows that central banks purchased a record 289 tonnes of gold during Q2, which is a 74% increase compared with the same period last year.

In contrast to its gold behavior, China actually tightened its cryptocurrency restrictions again earlier this year, confirming that any digital asset-related business activities remain illegal. It also expanded the scrutiny to stablecoins and real-world asset tokenization.

BTC vs Gold

The record accumulation from the PBOC and other central banks helped gold’s price stop its freefall and recover significantly over the past week. The precious metal fell from its ATH of $5,600/oz to just under $4,000 within months, but rebounded by 8% in the past week to close at $4,342. Interestingly, this recovery helped gold return to a breakeven YTD price.

As such, the bullion, even though it’s not really in the green in 2026, has performed a lot better than the so-called digital gold. BTC continues to struggle at $65,000, down over 25% since the start of the year.

게시물 China Makes Largest Gold Purchase Since 2023 as Bullion’s Price Surges 8% 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (458) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.