The Real Story Behind China's Gold Demand and Reserves Despite speculation that China’s People’s Bank of China (PBOC) drove gold prices to an all-time high in May, its official gold reserves, though growing, are not exceptionally large compared to other countries. China’s gold reserves constitute less than 5% of its total forex reserves. However, China remains the world’s largest gold importer and producer, highlighting strong overall demand for gold. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Rally Stalls Amid Speculative Overload: What’s Next? READ MORE Will Gold Hit $2,500? Predictions for a Bright 2024 READ MORE Wealthy Asian Investors Propel Gold Demand During Jewelry Slump READ MORE Inflation No Match for Coca-Cola's Global Demand in Q2 Earnings READ MORE Fed Expected to Hold Rates Steady READ MORE Add a Comment Cancel replyYour email address will not be published.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