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China Geopolitical

China’s PBOC Keeps Up Gold-Buying Spree as Iran War Dents Prices

By Bloomberg Markets April 07, 2026 Bullish
China’s PBOC Keeps Up Gold-Buying Spree as Iran War Dents Prices
China’s central bank scooped up more gold for its reserves in March, demonstrating that a key pillar of support for the precious metal remains intact even as prices come under pressure amid the Iran war.
China’s central bank scooped up more gold for its reserves in March, demonstrating that a key pillar of support for the precious metal remains intact even as prices come under pressure amid the Iran war.
Topics: Chinacentral bankgold reservesprecious metals