PANews February 12th News, the World Gold Council released the “China Gold Market Monthly Review.” The report indicates that in January, China’s upstream physical gold demand performed steadily: the Shanghai Gold Exchange (SGE) gold outflow totaled 126 tons, a slight increase of 1 ton year-on-year and an increase of 11 tons month-on-month; gold bar sales remained strong, and before the Spring Festival, gold jewelry merchants increased replenishment efforts, jointly supporting gold demand. In January, China’s gold ETF inflows reached 44 billion RMB (approximately $6.2 billion, 38 tons), setting a new record for the start of the year, with both assets under management (AUM) and total holdings hitting historic highs. In 2026, the People’s Bank of China continued to announce gold purchase plans, increasing its gold reserves by 1.2 tons to 2,308 tons, accounting for 9.6% of total foreign exchange reserves.