🔥 Is gold going to explode $PAXG again and reach a new peak with massive purchases from the Chinese giant?
🔥 The acceleration of Chinese demand for gold: Imports and reserves at record levels 🇨🇳📉
🔥 The pace of gold purchases in China has noticeably accelerated; Chinese gold imports jumped in March to 162 tons, the highest level recorded since March 2024, achieving a monthly increase for the third consecutive time. Thus, the total imported by China since the beginning of this year has reached approximately 365 tons. 🏗️🪙
Regarding official reserves, the People's Bank of China continued its strategy of accumulation; it acquired an additional 5 tons in March, the largest monthly addition since February 2025. This marks the 17th consecutive month of ongoing purchases, raising the total official holding to a new record of 2,313 tons. China is still building its stockpile of the yellow metal strongly. 🏛️✨
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