China Increased its Gold $XAU holdings amid the Recent Price Decline

China’s central bank the People’s Bank of China has boosted its gold reserves by 40,000 troy ounces in January 🟡. It is marked as 15 months of consecutive gold buying which is signaling strong long-term demand.

Earlier in January, $PAXG and $XAG price has reached record highs but then faced massive decline on January 30 — gold price decreased by 10% 🔻 and silver price plunged by 16% 🔻 (copper price also declined 5.7% 🔻). It is considered as one of the most negative sessions for precious metals in recent years.

Hedge funds and big traders rushed to sell gold, cutting gold's bullish positions by about 23% that week 📉. Despite the volatility, central banks kept buying by using the buy the dip opportunity on last month. Official purchases by central banks since early 2025 have topped 860 metric tons 🏦. PBOC’s steady accumulation of gold amid the price decline points out potential buying opportunities for long-term investors as market swings creates lower entry points to buy.

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