Too much gold? Not for China's savers.
Chinese gold ETFs added 11 tonnes in September to a record 304 tonnes as their stock market slid, and the People's Bank of China bought 63 tonnes in the third quarter, its biggest quarter since the third quarter of 2023.
Can you own too much gold?
Kazakhstan's central bank thinks so. Gold has grown to about 78% of its reserves, and it wants that down to 75% by year-end.
Poland went the other way, adding 24.9 tonnes in September to sit 27 short of its 700-tonne target. We wrote it up below.