BREAKING: China acquired +40 tonnes of gold in June via the London OTC market, marking their 2nd-largest monthly purchase since early 2025.

This is 167% more than the official +15 tonnes reported by China's central bank for June. This also follows an estimated +48 tonnes acquired through the OTC market in May, +380% above the +10 tonnes officially reported by the central bank. Meanwhile, China’s central bank officially added another +20 tonnes of gold in July, its largest monthly purchase since October 2023. Year-to-date, China has officially increased its gold reserves by +60 tonnes, bringing total holdings to a record 2,366 tonnes. Therefore, China acquired an estimated +88 tonnes of gold

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