China keeps buying and gold still in a down only run
Sounds like ETH
BREAKING: China bought 10 tonnes of gold in May, the largest monthly addition since January 2025.
This follows 8 tonnes acquired in April, marking their 3rd consecutive monthly net purchase.
China has now bought gold for 19 consecutive months, the longest streak since at least 2015, when its central bank began publishing more regular data on its gold reserves.
This brings China's official gold reserves to a record 2,331 tonnes, worth over 9% of their total FX reserves.
The country is also the 3rd-largest central bank buyer year-to-date, after Poland and Uzbekistan, with a total of 27 tonnes added.
Chinaβs demand for gold is accelerating.