China’s Central Bank Continues Gold Purchases, Gold Prices Hit Record High Again!

The price of Gold (XAUUSD) surged to a new all-time high at the start of trading on Tuesday (September 9, 2025). The value increased by approximately $19 or 190 pips, reaching around $3,654 per troy ounce, marking the latest record high.

Earlier in the week, Gold had already climbed $49, driven by expectations that the Federal Reserve would cut interest rates three times this year.

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The positive sentiment for Gold further strengthened after reports indicated that the People’s Bank of China (PBoC) has been consistently buying Gold to bolster its foreign exchange reserves. As of August, the PBoC had been acquiring Gold for ten consecutive months.

The PBoC’s steady purchases of Gold, despite rising prices, have significantly influenced market sentiment, leading to increased expectations that Gold prices will continue to rise.