Part 3/9:
In 2024, China's role in the gold market was highlighted by a surge in consumer and central bank purchases, pushing prices to record highs in the first half of the year. However, a notable pause in purchases by the People's Bank of China (PBOC) for six months and a significant dip in gold imports painted a contrasting picture in the latter half. This brief slowdown, however, did not lessen China’s stronghold on the precious metals market. Research revealed that China continued its gold imports at an unreported scale, which has led to speculation regarding its genuine gold reserve quantities.