AI Data Insight
In April 2026, China's gold reserves fell to 248.951 billion SDRs, shrinking further from the previous month and marking a three-month consecutive decline. However, external data indicates that the PBOC's physical gold purchasing has not stopped. The shrinkage in SDR terms is mainly attributed to the significant pullback in international gold prices from their historical highs in January. Under the long-term strategy of foreign exchange reserve diversification, the momentum of Chinese official bargain hunting for gold remains solid.