Central Bank Buying Continues: Poland Adds 27 Tonnes, China Imports Surge

Poland's central bank bought 27 tonnes in March-April 2026 as part of a 150-tonne plan. PBOC bought 480K oz in June. China's gold imports hit a two-year high of 173 tons in June, driven by dip buying and yuan strength, confirming physical demand resilience. However, Turkey's gold reserves declined 81 tonnes in H1, adding supply-side pressure. Central bank demand remains a key structural floor.