China Central Bank Adds Most Gold Since 2023 Even as Prices Jump - Bloomberg.com
China Central Bank Adds Most Gold Since 2023 Even as Prices Jump - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
The PBOC is buying gold at record pace while paying record prices — not because it expects higher returns, but because it no longer trusts the alternative. When a central bank treats dollar reserves as a political liability rather than a financial asset, the price becomes irrelevant.