PBOC Continues to Increase Gold Holdings for the 18th Consecutive Month

The announcement from the People's Bank of China shows that **as of the end of April 2026, China's gold reserves have reached 74.64 million ounces, an increase of 0.26 million ounces (about 8.09 tons) compared to 74.38 million ounces at the end of March, marking the 18th consecutive month that the central bank has been purchasing gold.**

Since November 2024, the Chinese central bank has continued to purchase gold in the open market without interruption for 18 months, highlighting China's strategic intention to optimize the structure of reserve assets and promote diversified allocation amidst increasing global economic uncertainty.

Market analysts have pointed out that the trend towards "de-dollarization" among global central banks continues, and with the rise in geopolitical risks, gold's value as a safe-haven asset continues to be favored by central banks around the world. The Chinese central bank's steady increase in gold holdings not only helps to enhance the security and liquidity of foreign exchange reserves, but also provides strong support for the internationalization of the renminbi.

Looking at the overall reserve data, at the end of April, China's total foreign exchange reserves stood at $3,821.717 billion, a rebound of $70.594 billion compared to $3,751.123 billion at the end of March, ending the previous downward trend.