Tether has emerged as a major bullion lender, providing about $1.5 billion in financing to a top US gold dealer after amassing one of the world’s largest private hoards of the precious metal.
China’s PBOC Buys Most Gold Since 2023 as Bullion Swings
China’s central bank bought more gold in June, extending the longest buying streak since at least 2015 and underscoring a commitment to diversifying its reserves despite volatility in bullion prices.
Bullion held by the People’s Bank of China rose by 480,000 troy ounces to 75.44 million ounces last month, according to data released on Tuesday. The purchase is the biggest since October 2023, and brings the buying streak to 20 months. (Bloomberg)
China is buying gold like never before.
They imported more than 1,000 tonnes of gold bullion in the first eight months of 2026.
That already beats all of 2025's total of about 880 tonnes.
At this pace, 2026 imports could top 1,700 tonnes, the most since 2017.