Despite Temporary Lull, China's Gold Buying Spree Far From Over, Say Insiders Despite a pause in gold purchases in May and June, China is expected to continue its long-term strategy of accumulating gold reserves. This ongoing interest is driven by several factors: China’s gold holdings remain low relative to its economic status, geopolitical tensions persist, and there’s a desire to diversify away from U.S. dollar-denominated assets. While recent buying has shown some price sensitivity, experts and insiders believe that China’s fundamental need to increase its gold reserves, both in absolute terms and as a share of total reserves, will sustain the country’s gold demand. The strategy is seen as part of China’s broader effort to align its reserves with its position as the world’s second-largest economy, although the pace of purchases may fluctuate based on market conditions and geopolitical developments. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Nasdaq Breaks 17,000 Mark, S&P 500 Slightly Up, Dow Drops Amid Rising Yields READ MORE April CPI Report Shows Inflation Easing, But Consumer Prices Up 3.4% Year-Over-Year READ MORE March Numbers Show Prices Rising Faster Than Predicted READ MORE Florida's Housing Market Sees Price Drop Amid Insurance Crisis READ MORE Gold ETFs Face $6.7bn Exodus in H1 2024, Worst First-Half Since 2013 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment