China's central bank gold buying is once again drawing attention in international financial markets. In September 2026 alone, the People's Bank of China secured an additional 23 tonnes of gold, bringing the country's official gold reserves close to 2,410 tonnes.

23 Tonnes in September Alone... Official Gold Reserves Near 2,410 Tonnes

Official statistics released by China's State Administration of Foreign Exchange confirm the upward trend in gold reserves. Notably, China has not merely expanded its gold purchases temporarily, but has steadily increased its holdings over a considerable period.

Alongside this trend, China's holdings of US Treasuries have been declining, drawing attention to the foreign reserve strategies of major world economies. In particular, the accelerating pace of gold purchases goes beyond simple safe-asset accumulation and is worth examining in connection with changes in the international financial order.

Why Crypto Communities Are Also Watching

This movement is also attracting attention in cryptocurrency communities. SabuCoin, an active user on X, noted that the People's Bank of China purchased 23 tonnes of gold in September alone, bringing total holdings to approximately 2,410 tonnes.

He pointed out that China's gold buying pace has accelerated further in 2026, questioning why China is actively acquiring gold over US Treasuries. His view is that China may be shifting toward accumulating physical gold instead of holding dollar-denominated financial assets.

What's Next: Will Gold Buying and Treasury Reductions Continue?

International financial markets are focused on how much more gold China will accumulate, and whether the trend of expanding gold reserves alongside declining US Treasury holdings will continue.

[This article is an informational piece based on public statistics from China's State Administration of Foreign Exchange and the US Department of Treasury, as well as publicly available market opinions. It does not recommend the purchase or sale of any specific asset. Gold, stocks, and cryptocurrencies are subject to price fluctuations depending on market conditions, and losses of principal may occur. Market interpretations and outlooks may differ from actual results, and all investment decisions and responsibilities rest with the investor. AI assistance was used in the writing of this article.]