China’s central bank is still buying gold.



On May 7, the central bank released the latest data: by the end of April, gold reserves had risen to 74.64 million ounces, up by 260,000 ounces from the end of March, which is approximately 8.09 tons. This is the 18th consecutive month of net accumulation.

On one side, global geopolitical tension and volatility in the U.S. dollar system are intensifying; on the other side, central banks in various countries continue to treat gold as a “hard currency” to serve as the ballast. For the market, this is not only an update to reserve data, but a very clear signal that gold’s strategic position is still rising. $XAU$XAU
XAU0.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin