The Central Bank of China increased its gold holdings by 2 tons in April, marking its sixth consecutive month of purchasing gold.

This brings China's gold reserves to a record 2,295 tons, accounting for 6.8% of total reserve assets.

Goldman Sachs stated that China purchased 27 tons of gold in April, which is 13 times the amount officially announced.

As a result, gold demand from central banks and other institutions in countries other than the United States reached 68 tons.

So far this year, Central Bank demand has reached an average of 88 tons per month.

Central Banks around the world are unable to acquire enough gold.