China’s central bank continues buying gold for a 24th straight month, adding to official reserves as the metal’s market price declines. Several outlets report that the streak extends through October and highlight that purchases are occurring even while gold weakens.
Business Line says reserves rise to 78.3 million ounces, while also noting that the reported dollar value of reserves falls. Bloomberg frames the move in relation to monthly price performance, saying gold drops by nearly 7% to end the month below a $4,000-an-ounce reference level. Investing.com emphasizes the continuation of the streak in the context of prices slipping below $4,000.
Across coverage, the common thread is persistence of reserve accumulation alongside softer gold prices. The main differences are the precision of reserve figures versus a stronger focus on price levels and percentage moves.
