China buys gold for two straight years as central bank demand remains a key pillar of support
Published . Updated .
Key takeaways
- (Kitco News) - After a busy third quarter, central banks continue to take advantage of lower gold prices to increase their official reserves.
- Exposed: GLD, GDX, FXI, CEW, EMB
- Market reaction: GDX −5.6% on the day (still updating); GLD −2.9% on the day (still updating); NEM −4.5% on the day (still updating)
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(Kitco News) - After a busy third quarter, central banks continue to take advantage of lower gold prices to increase their official reserves. China continues to play a dominant role in the…
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-5.1% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-14.9% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- FXI iShares China Large-Cap ETF-5.1% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from China.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in China
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-3.0% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from China.
- EEM iShares MSCI Emerging Markets ETF-4.8% 16d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes China
- NEM Newmont-13.0% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GLD | -5.34% | -1.06% | base | -2.88% | after close | after close | after close |
| GDX | -15.10% | -6.24% | base | -5.61% | after close | after close | after close |
| FXI | -4.18% | +0.78% | base | -0.71% | after close | after close | after close |
| CEW | +0.00% | +0.00% | base | — | after close | after close | after close |
| EMB | -1.09% | -0.55% | base | -0.83% | after close | after close | after close |
| EMLC | -1.31% | -0.61% | base | -0.89% | after close | after close | after close |
| EEM | +0.13% | -4.87% | base | -1.15% | after close | after close | after close |
| NEM | -14.12% | -4.30% | base | -4.53% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
China buys gold for two straight years as central bank demand remains a key pillar of support Kitco
Source: Kitco
Spdr Gold Trust (GLD) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Wisdomtree Tr (CEW) | three days earlier | 0.00% | final price |
| Wisdomtree Tr (CEW) | five days earlier | 0.00% | final price |
| Ishares Tr (EEM) | that day | -1.15% | still updating |
| Ishares Tr (EEM) | three days earlier | -4.87% | final price |
| Ishares Tr (EEM) | five days earlier | +0.13% | final price |
| Ishares Tr (EMB) | that day | -0.83% | still updating |
| Ishares Tr (EMB) | three days earlier | -0.55% | final price |
| Ishares Tr (EMB) | five days earlier | -1.09% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | that day | -0.89% | still updating |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | -0.61% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | -1.31% | final price |
| Ishares China Large-Cap Etf (FXI) | that day | -0.71% | still updating |
| Ishares China Large-Cap Etf (FXI) | three days earlier | +0.78% | final price |
| Ishares China Large-Cap Etf (FXI) | five days earlier | -4.18% | final price |
| Vaneck Etf Trust (GDX) | that day | -5.61% | still updating |
| Vaneck Etf Trust (GDX) | three days earlier | -6.24% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | -15.10% | final price |
| Spdr Gold Trust (GLD) | that day | -2.88% | still updating |
| Spdr Gold Trust (GLD) | three days earlier | -1.06% | final price |
| Spdr Gold Trust (GLD) | five days earlier | -5.34% | final price |
| Newmont (NEM) | that day | -4.53% | still updating |
| Newmont (NEM) | three days earlier | -4.30% | final price |
| Newmont (NEM) | five days earlier | -14.12% | final price |
Trades by members of Congress and officials in the stocks in this story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Gold Trust (GLD)
Companies mentioned with this story
- GLD Spdr Gold Trust
In “China buys gold for two straight years as central bank demand remains a key pillar of support,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
In “China buys gold for two straight years as central bank demand remains a key pillar of support,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- FXI Ishares China Large-Cap Etf
Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “China buys gold for two straight years as central bank demand remains a key pillar of support.” Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)
- CEW Wisdomtree Tr
For “China buys gold for two straight years as central bank demand remains a key pillar of support,” Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence. Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from China
- EMB Ishares Tr
In “China buys gold for two straight years as central bank demand remains a key pillar of support,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in China
- EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf
For “China buys gold for two straight years as central bank demand remains a key pillar of support,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from China
- EEM Ishares Tr
Ishares Tr (EEM) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “China buys gold for two straight years as central bank demand remains a key pillar of support.” Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes China
- NEM Newmont
In “China buys gold for two straight years as central bank demand remains a key pillar of support,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
Spdr Gold Trust (GLD)
“China buys gold for two straight years as central bank demand remains a key pillar of support” (10 Nov 2026) reaches Spdr Gold Trust (GLD) through this story.
The link for Spdr Gold Trust (GLD) is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
Also listed, Vaneck Etf Trust (GDX): VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
Price levels for Spdr Gold Trust (GLD)
FXI traded between 32.14 and 34.36 across 20 sessions. The latest close on file is 33.21. GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 385.21 across 16 sessions. The latest close on file is 379.67.
A simple score for Spdr Gold Trust (GLD)
46 out of 100Price not final
“China buys gold for two straight years as central bank demand remains a key pillar of support” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.