⚠️China is buying gold like never before

China's gold reserves are skyrocketing

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China purchased 5 tonnes of gold in March, marking 5 months of straight purchase, according to official figures.

This brings China’s total gold reserves to a record 2,292 tonnes.

According to Goldman Sachs, in February alone, China actually bought 50 tonnes of gold, or 10 times more than officially reported.

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In effect, gold's share of China's total foreign reserves hit 7.1%, an all-time high.

Why has China been buying so much gold? You can find out in the two pieces below:

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