According to The Kobeissi Letter, China's central bank increased its gold holdings by 5 tonnes in March, marking the fifth consecutive month of purchases. This brings China's total gold reserves to a record 2,292 tonnes, now accounting for 6.5% of its total official reserve assets. Traders should note the potential impact on gold markets, as sustained purchasing by China could influence global gold prices and trading volumes.

According to The Kobeissi Letter, China's central bank gold reserves reached a record 73.6 million fine troy ounces in February. The bank bought approximately 160,000 ounces of gold last month, marking the fourth consecutive month of purchases. Over the past 2.5 years, China's gold reserves increased by 11.0 million ounces, indicating a strong trend in accumulating gold assets, which could impact global gold prices and trading strategies.