China's Gold Buying Spree and Potential Economic 'Nuclear Option'
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#9f051475 ver:0.18

China's gold buying spree worth $170 billion is a precautionary measure against potential Western sanctions over Taiwan. It also aims to diversify reserves and challenge the dominance of the US dollar. Central banks worldwide, including China, are stockpiling gold as a hedge against volatile markets and potential currency crackdowns. Chinese consumers are flocking to gold markets amid record high prices. China's resource stockpiling may be in preparation for a yuan devaluation or international fallout from a Taiwan invasion. The implications of a yuan devaluation are uncertain but significant. #China #gold #economy #Taiwan #USdollar #commodities...

#newstr #China #Gold #CurrencyDevaluation #Commodities #Oil #TradeTensions #Taiwan 

 https://here.news/story/9f051475?ver=0.18