Michael Pettis: Chinese gold imports through August exceed 1,000 tons - Traders Union
Source: Traders Union
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DW NOTE
Beijing imported over 1,000 tons of gold in eight months while the yuan trades at its weakest level against the dollar since 2007. That's not portfolio diversification — it's the PBOC buying hard assets because it knows what its own currency data look like.
Today's Digest covers energy markets, Iran's reopening offer, UK warnings of Russian threats, mRNA shedding, FISA withholding, Microsoft buyouts, an AI-flawed court ruling, recruiting immigrant teachers, UK educational outcomes for whites, and advice to start prepping.
Bitcoin Magazine Bitcoin Price Rests Near $80,500 as Midterms, Fed Decision Loom Bitcoin price recovered from an early-morning low near $79,400 to trade around $80,500 on Tuesday, holding above $80,000 ahead of this week’s Fed decision and the November midterms. This post Bitcoin Price Rests Near $
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