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China's Gold Master Plan: Dragon's Strategy Poised to Send Prices Soaring
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Dragon's Master Plan: China Amasses Record Gold Reserves Amid Global Tensions
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News18
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08-03-2026, 06:56
Dragon's Master Plan: China Amasses Record Gold Reserves Amid Global Tensions
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China is strategically increasing its gold reserves to record levels amidst rising global geopolitical tensions and economic uncertainty.
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The People's Bank of China added 30,000 troy ounces in February, marking 16 consecutive months of gold purchases.
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This move aims to reduce reliance on dollar-denominated assets and diversify its foreign exchange reserves.
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Central banks worldwide, particularly in East Asia and Central Europe, are also boosting gold holdings as a safe-haven asset.
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Escalating conflicts (Iran-Israel, US) are fueling investor demand for gold, with significant inflows into Gold ETFs.
Read Full Article on News18 in Telugu
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