China’s Central Bank Adds Gold in September as Bullion Weakens Bloomberg · Photographer: Brendon Thorne/Bloomberg Jessica Zhou Wed, October 7, 2026 at 2:41 AM EDT 2 min read GC=F -1.01% (Bloomberg) -- China added more gold to reserves last month, pushing a buying streak close to the two-year mark as prices weaken toward $4,000 an ounce.
Apple to Launch Doorbell, Lock, Thermostat Developed With LG
Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says
SpaceX in Talks to Borrow $40 Billion to Buy Nvidia Chips
New Hazard for Treasuries Hides in Bond Futures' Fine Print
S&P 500 Climbs to Record High on Earnings Optimism: Markets Wrap
Holdings of bullion at the People's Bank of China expanded by 740,000 ounces in September, marking the 23rd month of accumulation, according to data on Wednesday. The central bank — among the biggest gold buyers in the world — has stepped up purchases in recent months after prices fell.
Gold shed more than 6% in September, as soaring energy prices driven by the conflict in the Middle East fanned inflation, prompting the Federal Reserve to raise rates. Despite that shift, some of the world's biggest money managers have signaled they are still betting that long-term drivers of the precious metal will endure, having rebuilt holdings since prices approached $4,000.
Rising government debt levels strengthen the case for central banks to increase gold holdings, Joachim Nagel, president of Germany's Bundesbank, said earlier this week. In a survey of 74 central banks published by the World Gold Council in June, 45% said they planned to buy in the coming year, the biggest-ever share since the survey began in 2018. Just one said it aimed to cut.
Scott Bessent's Rosy Forecasts Are Putting His Credibility at Risk
I Wrote a Book About Fraternities. The Cornell Case Shows How They Resist Change
Cities Across the US Are Turning Attics, Backyards and Garages Into Housing
Korean Soju's Lower-Alcohol Cousin Is Growing Its Own Fan Base
China's Tax Grab Squeezes Rich Elite Harder Than Ever
