Central Bank Gold Buying & De-Dollarization Persist
Key Questions
What gold buying activity did PBOC report in March?
The People's Bank of China (PBOC) added 5 tonnes of gold in March, marking the 17th consecutive month of purchases. This continues amid de-dollarization efforts.
How much of global gold reserves do BRICS+ nations hold?
BRICS+ nations now hold over 17% of global official gold reserves, with active buying from China, Turkey, and India. This shift is driven by sanctions and diversification.
What repatriation action did France take?
France repatriated 129 tonnes of gold from the US, reinforcing central bank trends toward physical control. These flows support structural bull demand for gold despite price dips.
PBOC adds 5t March (17th month); BRICS+ gold reserves hit 17% global, China/Turkey/India active amid sanctions; France repatriates 129t from US. Reinforces structural bull demand despite dips.
Sources (2)
Updated Apr 8, 2026