by Jan Nieuwenhuijs, GainesvilleCoins:

The People’s Bank of China (PBoC) bought 735 tonnes of gold in 2023, of which about two thirds were bought covertly. In this article we will examine how strong PBoC gold buying pushed up the price of gold in the past two years, how gold pricing power in general is shifting to the East, and how this new trend has set the stage for the powerful gold rally that started late February.