Gold and macro environment, page-37

https://www.reuters.com/markets/commodities/chinas-gold-buying-break-seen-fleeting-given-its-long-term-needs-2024-07-17/

There is also potential for China to ramp up their gold buying again

Apparently, the high gold price is what deterred China from continuing to stockpile in May + June
However, the price of gold has continued to increase without their purchases - and is forecast to continue to increase. Will they keep waiting or will they start buying again?

China's gold reserves need to rise in absolute and relative terms because they do not match the status of the world's second-largest economy and gold's share of its reserves is the lowest of any major economy, said a Chinese policy insider involved in internal discussions who declined to be named due to the sensitivity of the matter.