Beijing confirms its strategy of purchasing precious metals also at the beginning of 2026. According to official data from the People's Bank of China (PBoC), the gold reserves of the People's Republic have increased by 40.000 troy ounce in January, bringing the total to 74,19 million ounces compared to 74,15 million at the end of December 2025. The value of these reserves has risen to about 369,6 billions of dollars, a sharp increase compared to the 319,45 billion of last month.
This is the PBoC's fifteenth consecutive month of official gold purchases, despite metal prices reaching historic highs. This prolonged trend reflects China's long-term strategic vision, which aims to consolidate and diversify its international reserves and reduce its dependence on credit currencies such as the US dollar.
China's overall foreign exchange reserves are also growing, reaching 100,000 in January. 3.399 billion dollars, the highest level since November 2015, also thanks to the weakness of the greenback and the positive performance of other global assets.
Analysts and traders point out that, beyond the official numbers, independent estimates suggest that the actual quantities of gold held by Beijing may be significantly higher compared to the released data — a reflection of China's long-standing accumulation strategy in the gold market.
This dynamic is part of a global context of growing interest in gold as a safe haven: in recent months the metal has shown strong price fluctuations, with record peaks and subsequent corrections, but continues to remain central to the investment and reserve strategies of many central banks, not only in Asia but also in other regions.
In conclusion, China's constant accumulation of gold testifies to a prudent monetary policy choice oriented towards long-term stability, during a period of global economic uncertainty and potential changes in international reserve mechanisms. Gold thus remains a cornerstone of Beijing's reserve management strategies, with a watchful eye on the future of financial and monetary markets.