China is buying gold like there's no tomorrow, jacking up prices

Sunday, 5 May 2024 (2 weeks ago)
Chinese consumers have flocked to gold as their confidence in investments like real estate or stocks has faltered. At the same time, the country's central bank has steadily added to its gold reserves, while whittling away at its holdings of US debt. And throwing fuel on the fire are Chinese speculators betting there is still room for appreciation.

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