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Beijing’s push to diversify away from the dollar and Chinese households’ search for a safe place to put their savings has fueled China’s record gold buying.
China imported more than 1,000 tonnes of gold in January–August 2026, while central bank purchases continued for a 23rd month in September.
China is buying gold at a record pace, capitalizing on the recent price pullback. The People's Bank of China purchased approximately 23 tons in…