Gold Prices Skyrocket as China Increases Purchases and Speculation Intensifies China’s aggressive gold purchasing has significantly influenced the market, driving prices to over $2,400 per ounce amid global instability from conflicts like Ukraine’s invasion and the Gaza war. This trend persists due to diminished confidence in traditional Chinese investments such as real estate and stocks, combined with the nation’s central bank increasing its gold reserves and reducing U.S. debt holdings. Additionally, Chinese speculators anticipate further price gains, enhancing China’s already substantial impact on the global gold market. This surge continues despite typical deterrents like rising interest rates and a strong U.S. dollar, marking a nearly 50% price increase since late 2022. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China Resumes Gold Buying READ MORE Economic Reality Check: Six Figures Not Enough for Middle-Class Comfort? READ MORE Gold Shines in Short-Term as Copper Holds Mid-Term Appeal, Deutsche Bank Survey Finds READ MORE Inflation Data Shifts Fed Focus from 'If' to 'How Much' on Rate Cuts READ MORE Banks Under Pressure: Rising Concerns Over Commercial Real Estate Exposures READ MORE Add a Comment Cancel replyYour email address will not be published.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