China’s monthly gold imports reached their highest level in more than two years in May 2026, according to data cited by ZeroHedge, as international bullion prices declined amid expectations of tighter U.S. monetary policy [1]. The surge showed the world’s biggest buyer’s appetite for physical gold remained resilient even as prices came under pressure.
Customs officials said the increase was driven by lower global prices and seasonal demand ahead of the Spring Festival. The People’s Bank of China (PBOC) maintained gold purchases for a 20th consecutive month, raising reserves to 75.44 million fine troy ounces by the end of June, the largest single-month addition since October 2023 [2].
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