Gold Price Increases on World Markets: Preparing for "War" with America, China Immediately Buys Up 20 Tons of Gold

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KOMPUTER JADUL-, The world gold price has continued to record a very rapid increase in recent months. After soaring throughout 2024, the gold price continued to increase throughout 2025. The busyness of central banks in buying up all gold throughout January, pushed up the world gold price.

In today's trading, Wednesday (12/3/2025) at 17.12 WIB, the world gold price weakened slightly by 0.02% to US$ 2,915.35 per troy ounce. In trading on Tuesday, the gold price closed up 0.92% while throughout this year the gold price has flown 11.1%.

The increase in the gold price is also inseparable from the gold buying action carried out by some central banks in several countries. Although there are still several central banks that sell gold, the selling actions of several central banks are not much more than the gold buying actions by central banks.

The Central Bank of Uzbekistan became the central bank with the largest addition of gold of 8.1 tons. In second place is the central bank of China with a gold purchase of 5 tons. And the other third largest order is filled by the Central Bank of Kazakhstan with 3.8 tons.

For China, this is their third consecutive month of purchases. In three months, the Central Bank of China or PBoC bought 20.3 tons of gold. China had stopped buying gold for six months, namely May-October 2024.

China is again buying gold amidst the weakening economy and tensions in trade relations with the United States. This tension is expected to worsen the Chinese economy due to falling export demand.

China bought gold in November and December 2024 and January 2025. For the record, Donald Trump was re-elected as President of the United States (US) on November 5, 2024.

Since he was elected, he has immediately sounded the drums of a trade war with China.

Gold is a safe haven asset that is sought after during geopolitical and economic tensions, including trade wars.

Poland is also one of the most active countries in buying gold, in January 2025 the country's central bank again bought 3.1 tons. Meanwhile, India is in fifth place with an additional 2.8 tons of gold.

In terms of sales, in the January 2025 period there were three central banks that sold gold, with Russia being the central bank with the largest sales of 3.1 tons.

Next, there is Jordan which sold 3 tons of gold and the central bank of Kyrgyzstan which dumped 1.9 tons of its gold.

Furthermore, in terms of gold reserves, the central bank of the United States (US) still holds the first position as the country with the largest gold reserves in the world, reaching 8,133.5 tons.

Meanwhile, China is in seventh place with 2,284.5 tons of gold reserves. India is in ninth place with total reserves of 879 tons. And Indonesia is still in 45th place with total gold reserves of 78.6 tons.