Silver Rises Over 120% YTD 
China’s central bank (PBoC) has continued its gold buying streak for the sixth consecutive month, adding 70,000 ounces (just over 2 tons) to its reserves in April. However, this represents a declining trend in monthly purchases, down from nearly 3 tons in March, 5 tons in January and February, and over 10 tons in December. Since resuming gold purchases last November, the PBoC has acquired a total of 970,000 ounces (about 30 tons)—significantly less than previous buying sprees when it purchased similar amounts in a single month. Commerzbank analyst Carsten Fritsch suggests this reduced buying interest might be connected to rising gold prices or could indicate unreported purchases.
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Gold vs. Stocks in 2026: What Q1 Returns Show
The first quarter of 2026 ended with an unusually clear message: energy prices are surging, equities are suffering, and gold is holding its ground. A look at cross-asset returns shows where the conflict premium is showing up — and where it isn’t.
April 3, 2026
