China Central Bank Adds 8 Tonnes of Gold in April

China's central bank bought 8 tonnes of gold in April, the most since December 2024, according to data reported by @KobeissiLetter. The two-month total ranks as the second-largest such addition since the first quarter of 2024. The latest buying brings the streak of consecutive monthly purchases to 18. Official gold holdings now stand at a record 2,322 tonnes.

Year-to-date purchases by China's central bank total 15 tonnes.

At the current rate, the full-year addition is on track to be the largest since 2023. Since the beginning of 2022, the central bank has increased its gold reserves by 372 tonnes, a rise of 19 percent. The country ranks among the largest official gold buyers globally during that period. The central bank continued to purchase gold while prices have pulled back from recent highs.