China boosts gold imports to boost markets
The article focused on China's significant increase in gold imports during the first eight months of 2026, reaching approximately $158.8 billion, surpassing the total for 2025, which was $96.5 billion. This expansion is driven by a rising investment demand for gold, with sales of coins and bars increasing by 28% in the first half of the year. The People's Bank of China has also actively boosted its reserves, adding 20 tons in August. This shift reflects China's strategy to strengthen its safe-haven assets amid economic uncertainty, with expectations of further gold price increases in the domestic market as a result of these policies.
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