China on pace to import 1,700 tonnes of gold in 2026, silver price faces key test near $60/oz – Heraeus - Kitco
China on pace to import 1,700 tonnes of gold in 2026, silver price faces key test near $60/oz – Heraeus - Kitco
Source: Kitco
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DW NOTE
China's central bank bought 300 tonnes last year and is on track to double that in 2026. The significance isn't the volume — it's the persistence. Beijing has spent the last eighteen months converting dollar reserves into metal at an accelerating rate while the Fed raised rates and yields climbed 11.6% in a month. That's not portfolio rebalancing. That's an exit.