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 BHP Plans Sale of Brazilian Copper and Gold Mines READ MORE Stoeferle Reaffirms $4,821 Gold Price Target by 2030 READ MORE Banking Crisis 2.0 — Are We on the Brink of the Next Financial Crisis? READ MORE High-Income Americans Not Immune to Growing Financial Worries READ MORE Treasury Traders Bet on 2024 Fed Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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