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The People's Bank of China purchased over 8 tons of gold in April, marking the largest single-month increase since December 2024.
This is another purchase following a +5-ton increase in March, and it also signifies their 18th consecutive month of buying gold, bringing official holdings to a record 2,322 tons.
Since 2022, China's gold holdings have increased by +372 tons, a +19% rise,
China is buying gold on dips and making comprehensive preparations across all fronts, you know what I mean.