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China's PBOC Maintains Gold-Buying Streak Amid Price Drop

4/8/2026

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Summary

Story summary

The People’s Bank of China (PBOC) has maintained a 17-month gold-buying streak, increasing reserves to 74.38 million fine troy ounces by the end of March.
The value fell to $342.76 billion, a 16% drop as gold prices declined amid geopolitical tensions.
Analysts say the purchases optimize reserves and hedge against risks.
Despite some selling, experts expect the PBOC’s trend to continue and global purchases remain strong this year.

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Story summary

The People’s Bank of China (PBOC) has maintained a 17-month gold-buying streak, increasing reserves to 74.38 million fine troy ounces by the end of March.
The value fell to $342.76 billion, a 16% drop as gold prices declined amid geopolitical tensions.
Analysts say the purchases optimize reserves and hedge against risks.
Despite some selling, experts expect the PBOC’s trend to continue and global purchases remain strong this year.