China's central bank has recently resumed purchasing gold after a six-month break, indicating a significant change in its monetary policy.

The People's Bank of China (PBOC) has increased its gold reserves by 160,000 fine troy ounces, bringing the total to 72.96 million fine troy ounces, according to official data released on Saturday.

This decision comes after a consistent period of accumulating gold for 18 consecutive months until April of this year. The recent surge in gold prices to record levels seems to have sparked renewed interest in bullion, which has played a crucial role in supporting the strength of gold prices in the market.