$BTC China has increased its gold reserves in April for the sixth consecutive month, bringing the total to 243.6 billion USD amid high gold prices and ongoing trade tensions.
Domestic demand is surging with record trading volumes and new import quotas. The People's Bank of China is gradually abandoning dollar-denominated assets, reflecting a global trend as central banks have ramped up gold purchases fivefold since 2022.
China may be aiming to increase its gold holdings to 20%, up from the current level of 8%, which could take about three years at the current pace.
As countries hold increasingly fewer US Treasury bonds, Stablecoins could become significant buyers of bonds in the future.
