Gold Price by End of DecemberChina’s central bank, the People’s Bank of China (PBoC), has continued its gold acquisition streak, increasing its reserves for 21 consecutive months to approximately 2,366 tonnes. This movement places China’s gold holdings at about 8% of its total foreign exchange reserves, as reported by the World Gold Council. The continued buying spree suggests a strategic shift in China’s reserve management, potentially impacting global gold markets. The PBoC’s actions suggest a strategic focus on diversifying reserves, with gold playing a significant role. Market pricing suggests participants may view the increased gold buying as supportive of higher gold prices by year’s end.