China's Gold Demand Rises: Central Bank Buys as Lunar New Year Approaches China’s gold market kicked off 2024 marking its strongest January on record for wholesale gold demand at 271 tons. The People’s Bank of China (PBoC) continued its gold acquisition streak for the 15th consecutive month, adding 10 tons to its reserves, now totaling 2,245 tons. The upcoming Spring Festival is expected to further bolster gold demand due to traditional seasonal buying surges, with predictions of a notable year-over-year growth in 2024 New Year holiday gold consumption. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold plummets to near $2,400 as profit-booking kicks in, US Dollar advances READ MORE Insider Alert: Mike’s Made Two Changes to His Portfolio READ MORE Poorer Americans Bear the Brunt of High Interest Rates READ MORE China Gold Reserves Grow for 18th Straight Month READ MORE Gold Prices Defy Traditional Market Drivers in Recent Rally, Says Expert READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment