China's Gold Buying Spree

April marked the sixth straight month of Chinese expansion in its gold holdings. The actual size of China's war chest when it comes to gold reserves may be far higher than official numbers suggest. Last year, China also started dumping its treasuries. 2022 marked the largest or second largest decrease on record with a drop of about 174 billion. And China stood at the lowest level since 2010 in terms of its holdings.