Is GOLD moving higher again? - China’s Gold Imports Surge to 11-Month High

by Marcus Klebe
07:38, 2025/05/21

Is GOLD moving higher again? - China’s Gold Imports Surge to 11-Month High
The People’s Bank of China (PBOC) is reported to have issued new gold import quotas to selected commercial banks in April.

According to a Bloomberg report on Tuesday, citing Chinese customs data, China’s gold imports jumped significantly last month. Preliminary figures had surfaced earlier in May, but this latest data provides more detailed insights.

Summary:
China imported the most gold in nearly a year in April, as strong investor demand and strategic central bank actions drove bullion inflows sharply higher — despite record-high prices.
Customs data released Tuesday showed gold imports surged by 73% month-on-month to 127.5 metric tons — the highest level since May 2024.
Market analysts attribute the spike largely to the People’s Bank of China, which reportedly allocated fresh import quotas to selected commercial banks in April. The central bank tightly controls physical gold flows and typically grants import licenses only to designated institutions.

Disclaimer:

The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.

There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure (https://www.jfdbrokers.com/en/legal/risk-disclosure).