China's Gold Buying Spree Shakes Market: What's Next for Gold Prices?

• People's Bank of China has increased gold reserves for 15 consecutive months, reaching 74.19 million fine troy ounces by January end.
• China's gold strategy aims to counter political and economic threats, viewing gold as a protective shield.
• Gold prices hit a record high of nearly $5,600 per ounce in January due to safe-haven demand, but later plummeted to $4,403.24.
• Despite decreased public gold consumption, China's central bank continues buying, while gold investments (biscuits/coins) surged by 35.14%.
• Experts predict China's massive reserves will support international gold prices, potentially increasing the burden on Indian buyers.