The People's Bank of China purchased over 10 tons of gold in May, marking the largest monthly increase since January 2025. This follows an 8-ton acquisition in April, making it the 3rd consecutive month of net purchases. China has been buying gold for 19 consecutive months, the longest streak of purchases since at least 2015. At that time, the central bank began releasing more regular data on its gold reserves. China's official gold reserves have reached a record 2,331 tons, accounting for over 9% of its total foreign exchange reserves.