{
  "id": 5327523,
  "title": "Led by China, central banks continued to buy gold in July",
  "url": "https://urgent.news/2026/09/03/led-by-china-central-banks-continued-to-buy-gold-in-july",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T12:30:43.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/led-by-china-central-banks-continued-to-buy-gold-in-july/article71423862.ece"
  },
  "original_language": "en",
  "account": "In July, central banks, with China spearheading the effort, continued to purchase gold globally, adding a net 23 tonnes, according to the World Gold Council. The leading buyers were China, which bought 20 tonnes, and Poland, which acquired 8 tonnes. The People's Bank of China (PBoC) has also increased its gold purchases recently, buying 60 tonnes so far this year, making up 8% of Beijing's reserves. Russia, on the other hand, sold 6 tonnes of its gold reserves. Year-to-date, central banks have collectively bought about 130 tonnes of gold, which is less than the 160 tonnes bought in the same period last year. Poland, however, has been the most active year-to-date, having purchased 90 tonnes so far. The Czech National Bank, the National Bank of Kazakhstan, Bank Negara Malaysia, and the Central Bank of Bolivia each bought 1 tonne of gold in July. Kazakhstan's gold holdings now make up 75% of its total reserves, while Uzbekistan's gold shares 87% of its reserves, making it the highest among Central Asian countries. The recent drop in gold prices to $4,444 an ounce is attributed to geopolitical tensions and inflation concerns.",
  "summary": "Emerging markets accumulate gold with Poland continuing its purchases, but gold addition is lower than the same period a year ago",
  "key_points": [
    "China led central banks' gold purchases in July, buying 20 tonnes",
    "Poland acquired 8 tonnes of gold, becoming the second largest buyer",
    "Central banks collectively bought 130 tonnes year-to-date, less than last year"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}