China’s Gold Imports Top 1,000 Tons on Strong Investment Demand - Bloomberg.com
China’s Gold Imports Top 1,000 Tons on Strong Investment Demand - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
China imported over 1,000 tons of gold while sitting on $3.2 trillion in Treasury holdings and the Fed just raised rates for the first time in three years. Beijing isn't diversifying — it's preparing for a monetary system where dollars settle fewer transactions than they do today.