China stepped up its gold buying in September, with the People's Bank of China adding approximately 740,000 ounces to its reserves — its largest monthly increase — as prices fell 6% during the month, Mining.com.au reports. The September purchase exceeded the 650,000 ounces bought in August. World Gold Council data shows central banks bought about 5.5 million ounces in the first eight months of 2026, with China leading the way.
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