[SMM Precious Metals Express]

Published: Aug 7, 2026 16:17

Save

According to official data, China's gold reserves stood at 76.08 million ounces at end-July, compared to 75.44 million ounces at end-June, marking an increase of about 19.91 mt in July. The PBOC has increased its gold holdings for 21 consecutive months.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Platinum consolidates on a subdued note intraday, market sentiment cautious ahead of nonfarm payrolls [SMM Daily Review]

3 hours ago

7 hours ago

Silver Prices Retreat from Highs Ahead of Nonfarm Payrolls, Market Awaits Data Guidance [SMM Daily Commentary]

[SMM Daily Review: Silver Prices Retreat from Highs Ahead of Non-Farm Payrolls Data, Market Awaits Data Guidance] SMM, August 7 – Hawkish comments and job market resilience weighed on silver prices, with the market focused on tonight's non-farm payrolls data. Spot cargo transactions remained weak, the spot-futures price spread was in a stalemate, and traders showed low willingness to offer.

7 hours ago

Now is the time to buy gold; BCA sees bullish opportunity as real yields peak

7 hours ago