Why China is importing a record amount of gold

Beijing is shifting away from dollar holdings while Chinese households seek safe investment vehicles as the country sets new gold import records.

On air: Brock Thunderson and Kenji Moonfield on Finally, Some Good News
Published 11:39 PM ET, Monday, October 12, 2026

At a glance

First reported by CNBC: “Why China is importing a record amount of gold — and what it means for prices”.
Covered on BBN on Monday, October 12, 2026, at 11:39 PM ET on Finally, Some Good News, by Brock Thunderson and Kenji Moonfield.
Topics: China.

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

CNBCWhy China is importing a record amount of gold — and what it means for prices

Kenji Moonfield · Internet & Trends CorrespondentChina is importing a record amount of gold, as Beijing leans away from the dollar and households look for a safe place to put their savings.
Brock Thunderson · Chief MeteorologistFamilies. Putting something aside. A whole country, tucking a little shiny bar under the mattress for later.
Kenji Moonfield · Internet & Trends CorrespondentIt's the government doing it too, Brock, so it's a very large mattress.
Brock Thunderson · Chief MeteorologistA nation-sized sock drawer. I'm welling up. Somebody's grandmother is counting those bars right now and humming.
Kenji Moonfield · Internet & Trends CorrespondentAnd the dollar is the one getting left behind.
Brock Thunderson · Chief MeteorologistThe poor dollar. I need a minute. Back tomorrow, same time, with tissues.