China Extends Gold-Buying Streak to Two Years Despite Falling Prices

China added 830,000 ounces of gold to its official reserves in October, extending its buying streak to 24 consecutive months despite falling bullion prices, according to data released Saturday by the State Administration of Foreign Exchange. 

The monthly increase was the largest since September 2023, bringing holdings to 78.3 million ounces at the end of last month.