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China builds global gold network, boosts yuan’s international role: report
China is developing a global network of gold vaults and accelerating central bank gold purchases as part of efforts to strengthen the yuan’s role in international trade and enhance the nation’s economic resilience, according to a report by S&P Global Ratings on Tuesday.
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China buys 40 tonnes of gold in June, second-largest since early 2025
China buys 40 tonnes of gold in June, its second-largest purchase since early 2025. XAU/USD reaching $4,700 in August 2026 at 57% YES.
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China reportedly increases gold reserves by 88 tonnes, reaching 2,366 tonnes total
China increased gold reserves by 88 tonnes to 2,366 tonnes. Gold reaching $4,700 in August 2026 at 76.4% YES.
