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 Ukrainian Drones Strike Deep, Hitting Major Russian Oil Refinery READ MORE The Deadline To Turn in Your Gold – May 1st, 1933 READ MORE "Is It Too Late To Buy Gold & Silver? NO. YOU AIN'T SEEN NOTHIN' YET" – Mike Maloney READ MORE How Gen Z's Interest in Gold is Shaping the Market READ MORE Middle East Tensions Stir Global Economic Concerns as Oil Prices Climb READ MORE Add a Comment Cancel replyYour email address will not be published.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