China's central bank puts the world on notice as it buys more gold; analysts at PDAC expect this is only the start of a new trend

China's central bank puts the world on notice as it buys more gold; analysts at PDAC expect this is only the start of a new trend Chinascentralbank gold PDAC

- Central Bank gold demand, with China expected to be a leader in the marketplace this year, has generated new bullish sentiment at the world's largest mining conference.

This is the fourth monthly increase in its gold reserves since China started publishing data in November. Gopaul noted that so far, the PBOC has bought 102 tonnes of gold in this cycle. Middelkoop added that Western nations' weaponization of the U.S. dollar as a rebuke of Russia's invasion of Ukraine has sped up the dedollarization trend.

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