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 of China (PBoC) officially reported 2,313 metric tons of gold. chinese government buying gold
: Gold now accounts for approximately 8.5% to 9.6% of China's total foreign exchange reserves by value, up from less than 3% prior to the COVID-19 pandemic. The Chinese government's aggressive turn toward gold is