Gold after PBoC resumes gold buying (7 Nov 2022)
After PBoC resumes gold buying on 7 Nov 2022, gold was 11.5% higher three months on and 19.2% higher twelve months on, measured from the Oct 2022 monthly average of $1,664 a troy ounce.
- Gold before
- $1,664
- Oct 2022
- Gold +3 months
- +11.5%
- Gold +12 months
- +19.2%
- Silver +12 months
- +21.1%
In context
China reported its first official purchase since 2019 and kept buying for 18 straight months.
Over the same months silver was 12.9% higher three months on and 21.1% higher twelve months on.
Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 10th for gold twelve months on.
The market or central-bank moment before it on the chart: Russian reserves frozen (28 Feb 2022).
The one after: BoJ widens the yield band (20 Dec 2022).
Monthly average prices in U.S. dollars per troy ounce (Kitco.com and the World Bank Pink Sheet), from the last full month before a period to its last full month; the record runs Feb 1971 to Oct 2026. What the record did, not a forecast. Source: gold.org.
Updated Oct 2026 · record through Oct 2026