China's central bank has purchased gold for 23 consecutive months, reflecting Beijing's strategy to reduce reliance on the U.S. dollar and diversify reserves. Chinese households and companies are also increasing gold buying as a safe haven amid a weak property market and stock performance. Despite falling gold prices, demand remains strong, supporting bullion prices against rising U.S. yields. Analysts expect continued demand and price growth into early 2027, driven by geopolitical concerns and limited domestic investment alternatives.
The story about China's record gold imports is presented here with Pluang's market data for context. For readers following US stocks, here is Pluang's market snapshot as of Oct 12, 2026 08:02 WIB: out of 150 priced US stocks tradable on Pluang, 112 rose and 38 fell. Among notable movers, Affirm Holdings Inc (AFRM) rose by 7.56% to USD 81.00 with a typical hold time of 21 days, while Intel Corp (INTC) declined by 6.90% to USD 105.31 with a typical hold time of 116 days, and Li Auto Inc (LI) increased by 6.55% to USD 11.71 with a typical hold time of 102 days.
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