China reportedly acquired 35 tonnes of gold through undisclosed channels in July, according to ZeroHedge, exceeding the People’s Bank of China’s officially reported increase of about 20 tonnes. A separate report said China bought twice the amount shown in official disclosures, implying a discrepancy between the 35-tonne estimate and the 20-tonne official figure. Separately, hundreds of tons of gold reportedly moved from the New York Federal Reserve to the Bank of England before being distributed to various international destinations. The developments have focused attention on central-bank demand, reserve custody, potential supply constraints and the outlook for gold prices. Prediction markets assign about 0.4% YES odds to gold reaching $15,000 by the end of December 2026, although market pricing has shifted slightly as participants assess demand, geopolitics, inflation and U.S. Federal Reserve interest-rate decisions.