China’s central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.

Gold futures rose, gaining from a softer dollar after Trump rejected reports of a more moderate trade policy approach. China raised its gold reserves for the second straight month.

Gold futures were rising after China boosted its gold reserves for the second consecutive month. Futures were up 0.45% at $2,659.30 a troy ounce. The People's Bank of China bullion reserve rose to 73.

Gold prices are holding steady above $2,650 after Chinas central bank purchased more gold in December 2024. It hit a low of $2,614.90 on Mondayand currently trading around $2,653. Chinas Central Bank Resumes