BeijingChina’s central bank bought 23 tonnes of gold in September.
World Gold Council figures show 23 straight months of buying, the biggest purchase since October 2023.
Gold held at home is far less exposed to freezes, unlike the roughly $300bn of Russian reserves Western states froze in 2022.
Commerzbank’s Thu Lan Nguyen cautions against calling it a major shift away from the dollar.
Gold has fallen about 8.5% in a month on a stronger dollar and higher US yields.
How each outlet framed it
- Al Jazeera Online
- frames Beijing's gold buying as hedging against US asset freezes, separating central-bank reserve moves from household savings demand
Sources: Al Jazeera Online