Poland, China Lead Central Banks Back to Net Gold Buying in April

Central banks resumed net gold purchases in April, adding 17 tonnes after March sales, according to WGC and ING data released June 4-5. The rebound, led by Poland’s 14-tonne purchase and China’s 8-tonne addition, follows early June reports that the RBI had sold $12 billion of gold to defend the rupee—claims the Indian central bank swiftly denied, confirming holdings steady at 880.52 tonnes. Meanwhile, gold’s share of global reserves climbed to 27 percent by end-2025, surpassing US Treasuries amid ongoing de-dollarization, with prices near $4,390-$4,516 per ounce.