China Gold Reserves Grow for 18th Straight Month China’s central bank added to its gold reserves for the 18th consecutive month in April, though the rate of acquisition has slowed due to soaring gold prices. The People’s Bank of China, a major player in the bullion market, purchased 60,000 troy ounces in April, a significant decrease from the 160,000 ounces bought in March and 390,000 in February. This slowdown occurs as gold prices hit record highs, impacting demand even as first-quarter purchases by central banks globally were the strongest on record, driven in part by these institutions, as noted by the World Gold Council and supported by insights from Goldman Sachs on continued potential in emerging markets. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Is the Best Gold to Buy? READ MORE Gold Shines Amid Tough Year for Commodity Returns in 2023 READ MORE Central Banks Fuel Gold's Ascent to Unprecedented Levels READ MORE China’s 10-Year Yield Down to Lowest Since 2002 on Growth Worry READ MORE Record-Breaking Rally: Gold Prices Soar on Economic Easing and Safe-Haven Demand READ MORE Add a Comment Cancel replyYour email address will not be published.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