The Chinese central bank remains the most unwavering “buy-the-dip” force in gold.
The consistency of Chinese central bank gold purchases reflects a broader strategic diversification away from US dollar reserve dependence. This trend reinforces gold’s evolving role not only as an inflation hedge, but also as a geopolitical reserve asset.
Persistent sovereign accumulation during price pullbacks provides structural support for the gold market. Unlike speculative flows, central bank demand is typically long-duration and policy-driven, which can materially tighten physical supply dynamics over time.



