China’s gold holdings surge as ETFs and central bank boost reserves despite weaker demand
China’s gold ETFs surged 164% in the first nine months of 2025, while the central bank extended gold purchases for an 11th straight month, raising reserves to 2,303.5 tons. Output rose 3.6% year-on-year, but consumption slipped nearly 8%.
China’s gold ETFs surged 164% in the first nine months of 2025, while the central bank extended gold purchases for an 11th straight month, raising reserves to 2,303.5 tons. Output rose 3.6% year-on-year, but consumption slipped nearly 8%.
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