Economy· August 17, 2026 at 01:01 p.m.
China Purchases 20 Tons of Gold in July, ETF Inflows Increase Amid Weak Jewelry Demand
Key takeaways
- China purchased 20 tons of gold in July
- Gold ETF inflows increased
- Jewelry demand was weak
In July 2026, China's central bank, the People's Bank of China (PBoC), purchased 20 tons of gold. This marks a significant increase in gold purchases compared to previous months. Simultaneously, gold-backed exchange-traded funds (ETFs) experienced inflows, indicating growing interest in gold investment. However, jewelry demand remained weak during the same period.