China's Central Bank's Gold Stash Spikes To 2,292 Tonnes And Beijing Is Still Buying
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 21 2025
0mins
Source: Benzinga
China's Gold Accumulation: China's central bank has added 5 tonnes of gold to its reserves in March, marking the fifth consecutive month of purchases and bringing total reserves to a record 2,292 tonnes, which now constitutes 6.5% of its official reserve assets.
Impact on Gold Prices: Increased demand from central banks, particularly China, has contributed to rising gold prices, with significant inflows into global gold ETFs as investors seek safe-haven assets amid market uncertainties and a weakening U.S. dollar.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 994.520
Low
604.00
Averages
951.45
High
1100
Current: 994.520
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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