According to official figures, the People’s Bank of China continues to steadily expand its gold holdings. Data from the State Administration of Foreign Exchange shows that by the end of November, China’s gold reserves had climbed to 74.12 million ounces, marking a month-on-month increase of 30,000 ounces and extending a streak of consecutive monthly gains.
Globally, figures from the World Gold Council reveal that gold demand is projected to reach 1,313 tons in the third quarter of 2025, with a total value of approximately $146 billion, representing the highest single-quarter level on record
