The central bank has increased its gold holdings for 19 consecutive months, with the scale of the increase expanding in the last three months.

According to data released by the State Administration of Foreign Odaily on June 7, as of the end of May 2026, China's foreign exchange reserves stood at US$3.4422 trillion, an increase of US$31.7 billion from the end of April, representing a rise of 0.93%. Gold reserve data released on the same day showed that China's gold reserves have increased for 19 consecutive months. Official reserve asset data updated on June 7 shows that as of the end of May 2026, China's gold reserves stood at 74.96 million ounces, an increase of 320,000 ounces from 74.64 million ounces at the end of April. The People's Bank of China's current round of gold purchases began in November 2024, marking 19 consecutive months of increases as of the end of May 2026. Between March 2025 and February 2026, the People's Bank of China's monthly gold purchases remained below 100,000 ounces. Since March, the central bank's monthly gold purchases have been 160,000, 260,000, and 320,000 ounces respectively, with the pace of purchases steadily increasing. Data shows that by the end of 2025, gold reserves accounted for approximately 8.8% of my country's official international reserves, which are mainly composed of foreign exchange reserves and gold reserves. According to data released by the European Central Bank on June 2nd, by the end of 2025, gold will account for 27% of all reserve assets held by central banks worldwide, up from 20% at the end of last year. This indicates that my country's current gold reserve ratio is significantly low, and there is still considerable room for further increases. (Chang'an Street Observer)