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The People's Bank of China lifted official gold holdings by 650,000 ounces to 76.73 million ounces at the end of August 2026, the largest monthly addition since November 2023 and a 22nd consecutive month of buying. Persistent central-bank accumulation supports a structural bid under gold and reinforces the reserve-diversification trade away from the dollar, a channel that has historically firmed gold against real UST yields and capped DXY strength. FX reserves rose $19.5 billion, or 0.57%, to $3.4383 trillion for a second straight monthly gain, so the pace of PBOC gold purchases in the next monthly reserve report is the key confirmation point for whether the diversification bid is accelerating or plateauing.
As a Macro signal, watch whether it changes price action, volatility, or flows around GC=F, CNH=X.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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