On December 7th, the People's Bank of China released the latest data on gold reserves on its official website. As of the end of November, China's gold reserves reached 74.12 million ounces, an increase of 30,000 ounces compared to the end of October. Since November of last year, China has been increasing its gold reserves for 13 consecutive months. Why did China suddenly announce its gold reserves? What signal does it send out?

According to the latest data released by the People's Bank of China on December 7th, as of the end of November, China's gold reserves reached 74.12 million ounces, an increase of 30,000 ounces compared to the previous month. This increase is the 13th consecutive month of gold purchases since November of last year. Although the increase is at a low level, it aligns with market expectations.

Against the backdrop of increasing global economic uncertainty and weakening US dollar credit, increasing gold holdings helps optimize the structure of foreign exchange reserves and hedge against the risks of exchange rate fluctuations of a single currency.

Gold is one of the globally widely accepted final means of payment. Central bank purchases of gold can provide a solid value guarantee for the sovereign currency, enhancing international confidence in the RMB.

This move forms a "strategic resonance" with the process of RMB internationalization. The RMB has become the second largest trade financing currency and the third largest payment currency globally.

The continuous 13-month purchase is not a "sudden" action, but a coherent "Chinese solution." It clearly demonstrates the strategic perseverance in optimizing the reserve structure, supporting currency internationalization, and enhancing the resilience of the financial system.

Appendix: China's gold reserves ranking in the world

According to information dated November 9, 2025, China's gold reserves amount to 2,302.28 tons, ranking sixth in the world.

The specific ranking is as follows:

1. United States: 8,133.5 tons

2. Germany: 3,351 tons

3. Italy: 2,452 tons

4. France: 2,437 tons

5. Russia: 2,332 tons

6. China: 2,302.28 tons

7. Switzerland: 1,039.9 tons

8. India: 876 tons

9. Japan: 845.97 tons

10. Netherlands: 612.5 tons

Original source: toutiao.com/article/1850855797044224/

Statement: This article represents the personal views of the author.