Created
: 2025.10.07
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
PBoC buys gold in September for 11th consecutive month
World FX news
Breaking news
PBoC buys gold in September for 11th consecutive month
New
2025.10.07 11:11
2025.10.07 11:11
2025.10.07 11:11
The People's Bank of China (PBoC) added gold to its reserves in September, extending purchases of bullion into an 11th straight month, official data showed on Tuesday.
Additional takeaways
China's gold reserves were 74.06 million fine troy oz at the end of September, vs 74.02 million troy oz at the end of August.
China's gold reserves $283.29 bln at end-September vs $253.84 bln at end-August.
China FX reserves $3.339 trln at end-September vs $3.322 trln at end-August.
Market reaction
At the time of writing, the Gold price (XAU/USD) is trading 0.05% lower on the day to trade at $3,958.
Gold FAQs
Gold has played a key role in human's history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn't rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country's solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Last updated
: 2025.10.07
Related articles
Gold edges higher on softer USD; reduced December Fed rate cut bets limit gains
2025.11.06 13:35Silver Price Forecast: XAG/USD seems vulnerable below $49.35-$49.40 pivotal resistance
2025.11.06 11:58Gold Price Forecast: XAU/USD edges lower below $4,000 as private payrolls rebound in October
2025.11.06 10:25Gold climbs over 1% despite strong US data fueling mixed market mood
2025.11.06 03:21Silver Price Forecast: XAG/USD recovery stalls below $48,00
2025.11.05 21:31Gold steadies ahead of ADP and ISM reports; US Dollar strength caps upside
2025.11.05 21:08
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CHF struggles to extend rally above 0.8125, outlook remains bullish
The USD/CHF pair struggles to extend its over-a-week-long rally above the 11-week high of 0.8125 posted on Wednesday. During the late Asian trading session, the Swiss Franc pair trades marginally down to near 0.8095.
New
2025.11.06 14:19EUR/GBP remains above 0.8800 ahead of Eurozone data, BoE interest rate decision
EUR/GBP rebounds and targets highs since May 2023, trading around 0.8810 during the Asian hours on Thursday. The currency cross gains ground ahead of German Industrial Production and Eurozone Retail Sales data for September due later in the day.
New
2025.11.06 14:03GBP/JPY flat lines near 201.00 ahead of BoE; holds above one-month low set on Wednesday
The GBP/JPY cross struggles to capitalize on the previous day's solid recovery from the 199.00 neighborhood, or an over one-month low, and oscillates in a narrow band during the Asian session on Thursday.
New
2025.11.06 13:58EUR/JPY Price Forecast: Constructive outlook remains in play above 177.00
The EUR/JPY cross trades with mild gains near 177.15 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid improved risk sentiment.
New
2025.11.06 13:54USD/INR opens cautiously on hopes of RBI intervention to support Indian Rupee
The Indian Rupee (INR) opens on a slightly positive note against the US Dollar (USD) on Thursday after Indian markets remained closed on Wednesday on the occasion of Prakash Gurpurb Sri Guru Nanak Dev.
New
2025.11.06 13:46Gold edges higher on softer USD; reduced December Fed rate cut bets limit gains
Gold (XAU/USD) is trading with a positive bias for the second straight day on Thursday, though it lacks bullish conviction and remains below the $4,000 psychological mark through the Asian session.
New
2025.11.06 13:35GBP/USD holds gains above 1.3050 ahead of BoE policy decision
GBP/USD extends its gains for the second successive session, trading around 1.3060 during the Asian hours on Thursday. The pair holds gains as the Pound Sterling (GBP) receives support ahead of the Bank of England's (BoE) interest rate decision due later in the day.
New
2025.11.06 13:07EUR/USD strengthens above 1.1500 ahead of German Industrial Production, Eurozone Retail Sales data
The EUR/USD pair gains traction to around 1.1505 during the Asian trading hours on Thursday. Improved risk sentiment provides some support to the riskier assets such as the Euro (EUR). Traders brace for German Industrial Production and Eurozone Retail Sales later on Thursday.
New
2025.11.06 13:03WTI holds near $59.50, further downside appears due to oversupply concerns
West Texas Intermediate (WTI) Oil price inches higher after three days of losses, trading around $59.60 per barrel during the Asian hours on Thursday. However, Oil prices may depreciate further as a significant inventory build heightens oversupply concerns.
New
2025.11.06 12:19Silver Price Forecast: XAG/USD seems vulnerable below $49.35-$49.40 pivotal resistance
Silver (XAG/USD) attracts some sellers following an Asian session uptick to the $48.55-$48.60 region and erodes a part of the previous day's gains. The white metal currently trades around the $47.75 region, down 0.70% for the day.
New
2025.11.06 11:58Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
