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China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate – Investment Watch

by GoldCore

◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month

◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight month in September, reinforcing its standing as one of the major official accumulators as many creditor nation central banks stock up on the precious metal

◆ China and central banks around the world need a hedge against their massive, near non yielding dollar holdings and central banks are trying to reduce their exposure to the dollar

◆ Investors globally need a hedge due to their massive dollar and negative interest rate bond and fiat currency exposure





Gold edges higher as dollar strengthens ahead of trade talks

China’s central bank buys more gold (+190,000 ounces from August)

China’s Gold-Buying Spree Tops 100 Tons During Trade War

Gold settles lower as investors weigh potential outcomes for upcoming U.S.-China trade talks

U.S.-China deputy-level trade talks get underway in tense atmosphere

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