Markets

Gold alert: Russia keeps selling gold while China keeps buying and the Netherlands move some gold - KITCO

Source: KITCO

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DW NOTE

Russia has sold 7 tonnes of gold every quarter for the past year to fund the war. China has bought 25 tonnes per month for eighteen months straight. The Dutch central bank moved 31 tonnes from New York back to Amsterdam. That's not a transaction pattern — it's three statements about who trusts the dollar settlement system and who doesn't.

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For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

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