China's PBOC Adds Gold Despite Bullion Price Pressure

China’s PBOC Adds Gold Again as Bullion Remains Under Pressure

China's central bank has added to its gold reserves despite ongoing pressure on bullion prices. The People's Bank of China (PBOC) continues its pattern of gold purchases. Gold prices remain under downward pressure in the market. The PBOC's buying activity persists amid challenging conditions for the precious metal.