All news
Market

Gold down 30% from peak — so why is China buying 23 tonnes?

World Gold brief based on reporting by헤럴드경제
Brief

Reported by 헤럴드경제: “Gold down 30% from peak — so why is China buying 23 tonnes?”. Gold settled at $3,899 an ounce on October 30, 2026 — $125.35 per gram, -3.29% on the day. The headline carries a figure: 30%, 23 tonnes — quoted as published, not independently verified. The story touches China: we track local prices and customs flows for those.

Why it matters

The development may change short-term gold-price expectations. Confirmation requires comparing the headline with COMEX, the dollar, yields and trading volume.

Transmission channels
  • COMEX price
  • US Dollar Index
  • US 10Y yield
  • volume and momentum
What to watch next
  • price confirmation
  • trading volume
  • cross-asset reaction
  • official confirmation of 30%
  • reserve and import data: China
Methodology and transparency

This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.

Read the full report at the original publisher헤럴드경제
Data on this topicGold price and reserves in ChinaGold price today by currency
Related coverageMarketGold prices could fall to $3,900, silver to $50 as Fed tightening pressures precious metals – Sucden FinancialMarketPOLL Strong dollar, high yields drag on gold outlook, but central-bank demand lends supportMarketGold Slips After US Inflation Data Backs Fed StanceMarketGold SWOT: Northern Star is open to improved Gold Fields takeover offer