China’s central bank extended its gold-buying streak to a 20th straight month in June, adding 480,000 troy ounces (14.93 tonnes) to its reserves as policymakers continued to accumulate bullion amid de-dollarisation discussions.The People’s Bank of China said gold holdings rose to 75.44 million troy ounces (2,346 tonnes) at the end of June. The latest addition extended the longest buying streak since 2015.The steady accumulation underscores Beijing’s drive to diversify its foreign-exchange reserves and reduce dependence on US-denominated assets, even as gold still accounts for less than 10 per cent of China’s reserve portfolio, according to the gold-council" class="entity-link entity-organization" data-entity-id="150559" data-entity-type="organization">World gold Council.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS99
ENT7
TUE · 2026-07-07 · 12:00 GMTBRIEF NSR-2026-0707-90868
NSR-2026-0707-90868News Report·EN·Political Strategy
China extends gold-buying binge to 20th month amid Beijing’s de-dollarisation push
China's central bank, the People's Bank of China, continued its gold purchases for the 20th consecutive month in June, adding 14.93 tonnes to its reserves. This brings China's total gold holdings to 2,346 tonnes as of the end of June.
Chelsea YangSouth China Morning PostFiled 2026-07-07 · 12:00 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
99words
Sources cited
1cited
Entities identified
7entities
Quality score
100%
§ 01
Briefing Summary
AI-generatedNEWSAR · AI
China's central bank, the People's Bank of China, continued its gold purchases for the 20th consecutive month in June, adding 14.93 tonnes to its reserves. This brings China's total gold holdings to 2,346 tonnes as of the end of June. This sustained accumulation marks the longest buying streak since 2015. The steady increase in gold reserves highlights Beijing's strategy to diversify its foreign-exchange holdings and lessen its reliance on US dollar-denominated assets. Despite these purchases, gold still represents less than 10 percent of China's total reserve portfolio.
Confidence 0.85Sources 1Claims 5Entities 7
§ 02
Article analysis
Model · rule-basedFraming
Political Strategy
Economic Impact
Tone
Measured
AI-assessed
CalmNeutralAlarmist
Factuality
0.90 / 1.00
Factual
LowHigh
Sources cited
1
Limited
FewMany
§ 03
Key claims
5 extracted01
China's gold holdings rose to 75.44 million troy ounces (2,346 tonnes) at the end of June.
statisticPeople's Bank of China
Confidence
1.00
02
China added 480,000 troy ounces (14.93 tonnes) of gold to its reserves in June.
statisticPeople's Bank of China
Confidence
1.00
03
China's central bank extended its gold-buying streak to a 20th straight month in June.
statisticPeople's Bank of China
Confidence
1.00
04
Gold accounts for less than 10 per cent of China's reserve portfolio.
statisticWorld Gold Council
Confidence
0.90
05
China's steady accumulation of gold underscores its drive to diversify reserves and reduce dependence on US-denominated assets.
factual
Confidence
0.90
§ 04
Full report
1 min read · 99 words§ 05
Entities
7 identifiedKey playerOppositionContextPositiveNeutralNegative
§ 06
Keywords & salience
8 termschina gold buying
1.00
de-dollarisation
0.90
central bank reserves
0.80
foreign-exchange reserves
0.70
people's bank of china
0.60
bullion accumulation
0.50
us-denominated assets
0.50
world gold council
0.40
§ 07
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