Gold Sub-$4300 as Western Bond Yields Soar, China Builds Bullion Reserves - BullionVault
Gold Sub-$4300 as Western Bond Yields Soar, China Builds Bullion Reserves - BullionVault
Source: BullionVault
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DW NOTE
Gold fell below $4,300 as bond yields climbed ahead of a near-certain Fed hike — the central bank raising rates into a supply shock it cannot solve. China continues adding to reserves that now back 5.3% of its monetary base, up from 3.8% in 2019. The West sells paper claims on gold while Beijing accumulates the metal itself.