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Central banks boost gold reserves in October, led by China and Poland, amid lower prices.

Market News
10 Nov 2026, 19:15 WIB
Kitco
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Bullish
Central banks boost gold reserves in October, led by China and Poland, amid lower prices.

In October, central banks continued to increase their gold reserves, taking advantage of lower prices. China added 26 tonnes, bringing its total to 2,435 tonnes, nearly matching France's reserves. Other notable buyers included the Czech National Bank, Uzbekistan, and Poland, which reached its target of 700 tonnes and may continue purchasing. This follows a strong third quarter where central banks bought 321 tonnes, a 42% increase year-over-year, signaling sustained demand for gold as a strategic reserve asset despite price sensitivity.

China's gold buying in 2026 provides context for Pluang's market snapshot as of Nov 11, 2026 00:02 WIB: among 150 priced US stocks tradable on Pluang, 34 rose and 115 fell. Notable movers include Opendoor Technologies Inc at USD 1.33 with a 1-day change of -5.67% and Pluang order activity of 69% Sell / 31% Buy, Newmont Corporation at USD 119.23 down 4.74% with balanced order activity, and Moderna, Inc. at USD 256.50 down 4.65% with a slight buy bias. The most notable figure is Opendoor's 69% sell order activity.

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