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China's central bank buys gold for 11th straight month in September
China's central bank added to its gold reserves for the eleventh straight month in September, the People's Bank of China (PBOC) announced on Tuesday. China's gold reserves rose to 74.06 million troy ounces at the end of September, up from 74.02 million ounces at the end of August. The PBOC said the country's gold reserves were valued at $283.29 billion at the end of last month, up from $253.84 billion at the end of August. "A strong figure would reinforce the idea that China is keen to de-dollarize and accelerate its actions in that space," independent precious metals analyst Ross Norman told Reuters. "Further ... (full story)
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From sprott.com | Oct 7, 2025
In September, spot gold increased $411.01 per ounce (or 11.92%) to close the month at $3,858.96, an all-time closing high. At the end of September, gold was 47.04% higher than at the start of the year, its best year-to-date performance since 1979. Gold is well on its way to being one of the best-performing asset classes for a second straight year. In the ...
