China Increases Gold Reserves Amid Global Market Fluctuations
The People's Bank of China has increased its gold reserves by an additional 5 tons in March, marking the largest purchase since February 2025. This move extends China's streak of monthly gold reserve increases to 17 consecutive months, bringing total holdings to 2,313 tons. Analysts suggest that China is likely to continue its gold purchases to bolster the yuan's value and promote it as a global reserve currency. Despite recent fluctuations in gold prices, China's demand remains strong, contrasting with Turkey, which has reduced its gold reserves significantly.