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China's Secret Gold Surge: Real Reserves May Far Exceed Official Data
According to Financial Times and Société Générale, China’s official reports of gold purchases 1.9 tons in both July and August, and 2.2 tons in June appear too low to reflect its actual accumulation. Analysts now estimate China could have purchased up to 250 tons of gold in 2025 alone, which would account for more than one-third of total global central bank demand. This discrepancy highlights concerns that the People’s Bank of China (PBoC) is deliberately underreporting its reserve buildup. Unlike oil shipments, which can be monitored by satellite, gold flows are notoriously opaque. Traders and analysts rely ... (full story)
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From exchangerates.org.uk | Nov 16, 2025
ING has released its latest set of commodities projections through to the end of 2026, with analysts highlighting gold and copper as the clear outperformers while Crude oil and natural gas continue to face pressure from abundant supply. ING expects gold prices to hold near USD 4,000/oz in late 2025, rising to around USD 4,100/oz in early 2026 and peaking ...
