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 a 23rd consecutive month, according to BigGo Finance. The additions represent the strongest monthly pace since March, suggesting the institution has not stepped back from its steady accumulation despite elevated prices.

The scale of the purchase matters because central bank demand has been a key pillar of the gold market in recent years. When a major official-sector buyer maintains a consistent program, it can influence sentiment and tighten the available supply of physical metal, even if the purchases themselves are gradual relative to total global holdings. The persistence of the program — now approaching two full years — signals a longer-term reserve strategy rather than a tactical trade.

For market participants, the relevant question is whether this pace continues into the fourth quarter and whether other central banks follow. Official-sector buying data and reserve disclosures are worth monitoring, as shifts in demand from this group can affect the broader balance between supply and investment flows.