China's Central Bank Bought 25.8 Tons of Gold in October

China's central bank accelerated its gold purchases in October despite a significant decline in gold prices. The bank added 25.8 tons of gold to its reserves in October. With this purchase, China's physical gold holdings reached approximately 2,435 tons. The increase indicates that the central bank viewed the price declines as a buying opportunity. The continuation of purchases despite the sharp drop in gold prices shows that gold maintains its weight in official reserve management. Central banks' gold demand is among the factors influencing pricing in global markets. Not investment advice.

📊 GLD — Piyasa Yorumu

▲ up · 55%

The People's Bank of China's purchase of 25.8 tons of gold in October shows that central bank demand persists, providing a mildly positive backdrop for gold prices in the short term. However, the price and percentage change in the data set appear inconsistent (change_pct_24 is excessively high), so the indicators should be approached with caution. RSI stands at 56 in neutral territory and slightly below the MACD signal line, meaning momentum is not strong. The price structure, remaining below the SMA20 and SMA50, offers no clear confirmation for short-term direction. The news impact may be limited and gradual; additional demand confirmation is needed for a strong upward trend.

RSI 14

56.4

MACD

1.79

24h Δ

1030.35%

Canlı Grafikler