China Buys 740,000 Ounces of Gold in Latest Reserve Push
The 23-month buying streak adds to a reserve shift that investors track for clues about central-bank demand and diversification away from dollar assets.
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The 23-month buying streak adds to a reserve shift that investors track for clues about central-bank demand and diversification away from dollar assets.
China's central bank added more than 10 tonnes of gold to its reserves in May, the largest single-month purchase since…
The comparison signals a new source of demand for US debt, but stablecoin issuers buy mostly short-term assets, not the longer-dated bonds China has shed.
By routing support through banks and insurers, Beijing is reinforcing the institutions that transmit fiscal policy into credit and financial conditions.
The milestone sharpens the de-dollarization debate and puts foreign demand for US government debt under closer scrutiny.
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