Jan Gold on Nostr: Chinese private sector gold imports accounted for 543 tonnes in the first quarter, ...

Chinese private sector gold imports accounted for 543 tonnes in the first quarter, while the People’s Bank of China (PBoC) added 189 tonnes to its reserves. Most of the PBoC’s purchases are “unreported.” China continues to be the marginal buyer in the gold market, driving up the price. I expect that China will remain a robust buyer of gold going forward in support of the price. https://www.gainesvillecoins.com/blog/strong-pboc-chinese-private-sector-buying-boosts-gold-price