Gold Price by End of DecemberChina’s central bank, the People’s Bank of China (PBOC), has significantly increased its gold reserves, adding 20 tonnes in July 2026. Key TakeawaysChina’s central bank’s acquisition of 20 tonnes of gold in July suggests a strategic reserve increase. The PBOC’s gold purchases could exert upward pressure on gold prices, reflecting a strong demand indication. What to WatchAnalysts and market participants will be closely monitoring further announcements from the PBOC regarding its gold reserve strategy. Any indication of continued or increased purchasing could align with scenarios where gold prices rise.