China’s central bank has officially increased gold reserves for eight straight months to 2,299 metric tons by June 2025, but analysts suspect the real total could exceed 5,000 tons based on unexplained trade flows. China’s accelerated gold buying began after the US froze Russia’s reserves in 2022, highlighting gold’s immunity to sanctions. This strategic accumulation may be part of China’s effort to reduce dollar dependence and challenge US financial dominance, with potential implications for Treasury demand and gold prices.