China's central bank reports extending gold buying streak

By Yihui Xie Bloomberg News Friday, March 6, 2026 China's central bank bought more gold in February, extending its streak of purchasing to 16 months, as bullion climbs amid escalating Middle East tensions. Gold held by the People's Bank of China rose by 30,000 troy ounces last month to 74.22 million fine troy ounces, according to data released Saturday. The purchase extends the latest round of accumulation that began in November 2024. ... Dispatch continues below ... ... ADVERTISEMENT ... Ireland's Tree of Life Gold and Silver Coins Are Available from Money Metals Exchange For Delivery or Secure Storage in Idaho Money Metals Exchange and Tara Coins, supporters of sound money and GATA, are selling Ireland's Tree of Life Gold and Silver Coins, non-legal tender, for U.S. and international delivery or secure storage in the ultra-secure MMX vault in Eagle, Idaho: https://www.moneymetals.com/taracoins The Gold and Silver Trees of Life can be bought directly by retail stackers, retail distributors, and wholesale dealers. The Gold Trees (.9999 purity) are in 1-ounce, 0.25-ounce, and 0.1-ounce sizes, and the Silver Trees (.999 purity) in 1-ounce size. All are approved for individual retirement accounts. Tara Coins is a designer, wholesaler, and retailer of Irish bullion products, selling beautiful, store-of-value, 99.99% pure Irish silver and gold bullion. The Gold Trees of Life are the first 99.99%-pure Irish bullion coins and are beautiful and truly sovereign (non-legal tender) coins. For more information, visit Ireland Trees of Life at Money Metals Exchange -- https://www.moneymetals.com/search?q=tree+of+life -- or contact Shane Lee at [email protected] or 1-800-800-1865. Despite recent declines, gold has gained over the past few weeks, clawing its way back above $5,000 an ounce. Investors were seeking safer assets after the U.S. and Israel attacked Iran, intensifying geopolitical risks in the Middle East. Global central banks' gold purchases slowed at the start of the year, as heightened volatility weighed on appetite, according to a note from the producer-funded World Gold Council this week. Net buying, led by Central and East Asian countries, totaled five tons in January, compared with a 12-month average of 27 tons. ... ... For the remainder of the report: https://www.bloomberg.com/news/articles/2026-03-07/china-s-pboc-extends-gold-buying-as-middle-east-tension-simmers * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://tinyurl.com/3xt6uw66 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png