Gold is getting so expensive that even China's central bank stopped buying

• China's central bank has paused gold buying after prices reached record highs.
• China's gold holdings were unchanged in May, halting an 18-month purchasing streak.
• Gold prices are up 11% this year due to geopolitical tensions, but have softened from a record high.

China's central bank gold-buying streak has been a major driver of prices that hit record highs recently.

However, it looks like gold has gotten so expensive that even the People's Bank of China is taking a break.