7 April | Gold

PBOC gold purchases continue for fifth straight month in March

PBOC gold purchases continue for fifth straight month in March

The People's Bank of China (PBOC) expanded its gold reserves for a fifth consecutive month in March, adding 0.09 million troy ounces to its holdings. The regulator resumed its buying spree in November following a six-month pause, Bloomberg reports.

Global central banks ramp up gold buying to diversify their reserves as US President Donald Trump’s policies create unprecedented global economic uncertainty. This surge in demand drove gold prices to a record high above $3,100 per ounce in March, marking a 19% quarterly gain, according to the agency.

Despite gold's recent decline following Trump's aggressive tariff measures, the precious metal is likely to recover soon. Bloomberg experts note that robust central bank demand and substantial inflows into gold-backed ETFs are expected to provide strong support to gold prices.

Anton Volkov MarketCheese
Period: 19.09.2025 Expectation: 950 pips
GBPUSD is correcting after testing resistance
Yesterday at 10:29 AM 206
Gold buy
Period: 31.12.2025 Expectation: 2400 pips
Buying gold from $3,450 support
Yesterday at 09:29 AM 64
Period: 19.09.2025 Expectation: 1000 pips
AUDCAD poised for further gains after brief consolidation
Yesterday at 08:42 AM 204
Period: 31.10.2025 Expectation: 6000 pips
Selling SPX prior to seasonal correction
Yesterday at 08:27 AM 188
Brent sell
Period: 19.09.2025 Expectation: 188 pips
Supply glut puts pressure on Brent prices
Yesterday at 07:20 AM 204
Period: 18.09.2025 Expectation: 160 pips
Buying gas with $3.150 target amid completing correction
11 September 2025 313
Go to forecasts