Saed News: China has become one of the world’s largest gold buyers by taking advantage of the global gold market correction.
According to SAEDNEWS, citing Khabar Online, data from the Central Bank of China shows that the country has once again used the drop in gold prices to increase its strategic reserves and has accelerated its purchases.
China added 8 tons of gold to its official reserves in April alone, marking the largest monthly purchase since December 2024.
This follows a purchase of 5 tons in March.
Estimates show that China’s gold reserves have reached 2,322 tons, marking the 18th consecutive month of reserve increases.
Since 2022, the country has added around 372 tons to its gold reserves, representing a 19% increase.
China’s behavior indicates that central banks still view declines in gold prices as buying opportunities rather than the end of a bullish cycle. Rising geopolitical tensions, concerns over U.S. debt, and efforts to reduce dependence on the dollar continue to strengthen structural demand for gold. This trend could become one of the most important drivers of the precious metals market in the medium term.
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