FINANCE

China Steps Up Gold Buying as Prices Slide

Published: Apr. 8, 2026 5:07 p.m. GMT+8

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China increased its gold reserves in March, marking its largest monthly purchase in more than a year as prices declined.

The country added 160,000 ounces of bullion, extending its buying streak to 17 consecutive months and lifting total holdings to 74.38 million ounces, data from the State Administration of Foreign Exchange (SAFE) showed Tuesday.

The increase came as gold prices dropped amid volatility linked to the U.S.-Iran conflict. London spot gold fell nearly 12% in March.

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China added 160,000 ounces of gold in March, largest monthly purchase in over a year, raising total to 74.38 million ounces.
Buying streak extended to 17 months as prices fell nearly 12% (London spot gold).
Forex reserves declined $85.7B (2.5%) to $3.342T due to exchange rates and asset prices.

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