A surge in unreported gold imports by the People’s Bank of China (PBOC) has sparked concerns among analysts. According to Jan Nieuwenhuijs, a gold market expert, the central bank may have amassed over 100 tonnes of gold through secretive London purchases in Q4 2024.
Rise in Unreported Imports
The PBOC’s increased activity in the global gold market has gone largely unnoticed. However, data suggests that the bank has been accumulating significant quantities of gold without publicly disclosing its transactions. This secrecy has led some to speculate about the motivations behind these moves.
London Gold Market Activity
Golden Chase: China Has Secretly Scooped Up Over 100 Tonnes of Gold in (&
Source: News.bitcoin.com
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