The Kobeissi Letter(@KobeissiLetter):BREAKING: China imported +1,141 tonnes of gold in the first 8 months of 2026, its largest import on record for this period of the year. This figure already exceeds China’s gold imports for the full year 2025. At this pace, China’s annual gold imports will surpass 1,700 tonnes for the first time. Furthermore, China’s ETFs added +44 tonnes of gold in the first 8 months of the year, up +18% YoY. The surge has been driven by strong investment demand, economic uncertainty, and a strong yuan that created favorable conditions for gold imports from abroad. China is stockpiling gold like never before.

2026.09.22 20:10

BREAKING: China imported +1,141 tonnes of gold in the first 8 months of 2026, its largest import on record for this period of the year. This figure already exceeds China’s gold imports for the full year 2025. At this pace, China’s annual gold imports will surpass 1,700 tonnes for the first time. Furthermore, China’s ETFs added +44 tonnes of gold in the first 8 months of the year, up +18% YoY. The surge has been driven by strong investment demand, economic uncertainty, and a strong yuan that created favorable conditions for gold imports from abroad. China is stockpiling gold like never before.

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