Economy· August 17, 2026 at 10:41 a.m.
China Buys 20 Tonnes of Gold in July, ETF Inflows and Jewelry Demand Soften
Key takeaways
- China's central bank bought 20 tonnes of gold in July
- Jewelry demand in China remained soft
- Inflows into Chinese gold-backed ETFs have been steady
In July 2026, China's central bank purchased 20 tonnes of gold, according to the World Gold Council's (WGC) news and statistics. Despite this significant purchase, jewelry demand in the country remained soft. Additionally, there were inflows into gold-backed exchange-traded funds (ETFs).
