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PBOC

1 analysis on how PBOC is shaping the gold market.

Gold bars in a central bank vault
Geopolitics & Gold

Why the PBOC's Gold Buying Spree Is About More Than Reserves

China's central bank has added gold for seventeen consecutive months since buying resumed in late 2024. The strategy reveals far more about Beijing's geopolitical calculus than its balance sheet.

7 April 2026 · 5 min read

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