China's Gold Rush Shakes Global Markets, US Dollar Dominance Threatened

• China's People's Bank of China (PBOC) has aggressively bought gold for 14 consecutive months, accumulating 42 tons since November 2024.
• This 'de-dollarization' strategy aims to reduce China's dependence on the American dollar in global trade.
• Investment bank Goldman Sachs suggests China's actual gold purchases could be significantly higher than official figures, indicating hidden accumulation.
• China's continuous gold buying provides strong global support, leading to rising gold prices in India.
• Experts predict Indian gold prices could reach ₹2 lakh per 10 grams, making gold a safe and profitable investment.

Why It Matters: China's strategic gold accumulation is impacting global markets, challenging the US dollar, and driving up Indian gold prices.