China Gold Reserves Show Steady Growth in 2025

The People’s Bank of China (PBOC) has increased its gold reserves once again, according to Bloomberg. This marks the ninth straight month of gold buying, showing China’s steady move away from the US dollar.

Gold Over Dollars

In July, China continued to stock up on gold. While exact numbers haven’t been revealed yet, the trend is clear. China started buying in November 2022 and has added over 180 tonnes of gold since then.

This buying spree shows China’s desire to diversify its reserves. Instead of holding too many US dollars or government bonds, China is now leaning more toward gold, which is considered a safe and stable asset.

Why Is China Doing This?

There are a few big reasons:

Reducing risk

Holding too many US dollars ties China’s wealth to another country’s economy. Gold helps reduce that risk.

A Safe Bet in Uncertain Times

Gold tends to keep its value, even when markets are shaky or inflation goes up. That makes it a reliable backup when things get tough.

Shield Against Politics

If global tensions rise, gold is much harder to freeze or sanction than money kept in US banks. It gives China more peace of mind.

More Control, Less Dependence

At the end of the day, building up gold reserves gives China more freedom over its finances—and less need to rely on others

China isn’t the only country buying gold. Central banks in places like India, Russia, Turkey, and Brazil have also been building up their gold reserves. In fact, according to the World Gold Council, 2023 saw record-high central bank gold purchases.

These countries want the same thing as China — safety, stability, and less reliance on the US. As trust in the dollar shifts, gold is becoming a more attractive option.

What It Means for the World

China is the second-largest economy in the world. Its financial decisions impact global markets. When China buys gold and pulls away from the US dollar, it sends a message — the world is changing.

This doesn’t mean the dollar is finished. It’s still the main currency for trade and reserves. But as more countries diversify, the dollar’s dominance could reduce and change the way the world does business in the future

Looking Ahead

For nine months, China has added gold every month. That’s not likely to stop soon. As global risks continue, China will likely keep turning to gold to protect its wealth.

Other countries may follow. We may be seeing a shift toward a more multi-currency world — one where gold plays a bigger role again.