From Treasuries to Gold: China's Shifting Reserve Strategy China’s recent gold-buying spree, led by the People’s Bank of China (PBoC), has significantly impacted the global gold market, driving prices to record highs. This trend, which began in late 2022, is part of China’s broader strategy to diversify its reserves away from US dollars and hedge against economic uncertainties. The country’s central bank and consumers have been aggressively purchasing gold, with China overtaking India as the world’s largest gold buyer in 2023. This surge in demand is driven by various factors, including geopolitical tensions with the US, a desire for de-dollarization, and domestic economic challenges that have made traditional investments less attractive. While the PBoC has recently paused its gold purchases, Chinese gold ETFs continue to see record inflows, suggesting ongoing interest in the precious metal as a safe-haven asset. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fidelity's Macro Guru Sees Bitcoin Reaching $6 Trillion Valuation READ MORE JP Morgan Gold Traders go to Jail, while JP Morgan exits DoJ ‘Sin Bin’ READ MORE Bankrupt Crypto Lender Genesis Settles SEC Lawsuit READ MORE Opinion: Fed Should Cut Interest Rates to Avoid Economic Harm READ MORE Asda Report Highlights Significant Rise in British Families' Disposable Incomes READ MORE Add a Comment Cancel replyYour email address will not be published.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