PRECIOUS METALS | China's Gold Reserves Reach Record Levels Amid Global Reserve Shifts

China has continued its gold purchasing trend for the 17th consecutive month as of March 2026, increasing the People's Bank of China's gold reserves to a historic 2,313 tonnes. According to NS3.AI, this move is part of a broader strategy by BRICS+ nations, whose collective reserves now account for 17.4% of global official gold holdings, a significant rise from 11.2% in 2019. Meanwhile, data from the International Monetary Fund's Currency Composition of Official Foreign Exchange Reserves (COFER) indicates a decline in the U.S. dollar's share of global allocated reserves, which fell to approximately 57% by the end of 2025, marking its lowest point since 1994.