The PBOC is reportedly added 23 tonnes of gold in September 2026, its largest monthly purchase in nearly three years, extending its buying streak to 23 consecutive months and lifting holdings to about 2,410 tonnes. The article says Beijing has taken a cue from Western freezing of Russian reserves after 2022, since dollar- and euro-denominated assets held abroad can be exposed to sanctions, whereas domestically stored gold carries no foreign issuer's liability. It stresses China is not abandoning the dollar but reducing dependence on a system Washington and its allies influence. World Gold Council data showed net central bank purchases of about 39 tonnes in August after 23 tonnes in July. Still, gold pays no interest, can suffer sharp corrections and cannot match the dollar's liquidity or US Treasury markets, and a stronger dollar or higher real rates could weigh on prices.
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/18/2026 | 4,178.90 |
| Change that session | +0.57% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/18/2026 | 4,178.07 |
| Change that session | +0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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