Gold Reclaims $5,000 as China’s Central Bank Extends Gold-Buying Spree for 15th Month
Gold and silver futures rose for the fourth session out of five on Monday, with gold climbing back over the $5,000/oz level as dip-buyers returned after last month’s historic selloff. Gold has now recovered about half of the losses sustained since its all-time high on January 29.
China’s People’s Bank of China extended its gold-buying streak to 15 months in January, with reserves rising to $369.58B from $319.45B the previous month. Steady central bank demand is providing a structural floor for the market.
Market Drivers & Commentary
- U.S. Treasury Secretary Bessent cited Chinese traders as causing wild swings in gold prices.
- The U.S. dollar fell 0.8% to its lowest in more than a week, making bullion cheaper for overseas buyers.
- Investors are awaiting U.S. economic data, including non-farm payrolls, consumer prices, and initial jobless claims, to gauge monetary policy.
- Markets are pricing in at least two rate cuts of 25 basis points in 2026.
Gold & Silver ETFs to Watch
Popular ETFs tracking gold and silver include: GLD, GDX, GDXJ, IAU, NUGT, PHYS, GLDM, AAAU, SGOL, RING, BAR, OUNZ, SLV, PSLV, SIVR, SIL, SILJ.
Latest Prices:
• Gold (XAUUSD:CUR, Feb delivery): $5,050.90/oz (+2%)
• Silver (XAGUSD:CUR, Feb delivery): $82.065/oz (+6.9%)
Both metals posted their best performance since February 3.
• Gold (XAUUSD:CUR, Feb delivery): $5,050.90/oz (+2%)
• Silver (XAGUSD:CUR, Feb delivery): $82.065/oz (+6.9%)
Both metals posted their best performance since February 3.