: As of March 2026, the People’s Bank of China (PBoC) officially reported 2,313 metric tons of gold.
The Chinese government has engaged in a prolonged strategic accumulation of gold reserves, recently reaching a milestone of of purchases as of March 2026. This "buying spree" is driven by a complex interplay of geopolitical risk mitigation, domestic economic pressure, and a long-term goal of de-dollarization. Current Scale of Chinese Gold Reserves chinese government buying gold
The Chinese government's aggressive turn toward gold is widely viewed as a "firewall" against Western financial influence. China gold market update: A strong start to 2026 : As of March 2026, the People’s Bank