China's Gold Game: A Single Decision Shakes Global Markets; White House Rattled

Money
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News18•14-02-2026, 18:57
China's Gold Game: A Single Decision Shakes Global Markets; White House Rattled
- •China's central bank is consistently buying gold while reducing investment in US government debt, challenging the dollar-based financial system.
- •The People's Bank of China increased gold reserves to 74.19 million ounces by January, continuing a long-term strategy.
- •China's gold reserves value surged to $369.58 billion, with gold's share in total forex reserves reaching 9%, reducing dollar dependence.
- •China's holdings of US government debt fell to $688.7 billion, a 10% decrease in a year, as banks are advised to reduce US bond holdings.
- •Experts suggest gold prices could reach $10,000 per ounce by decade-end due to geopolitical tensions, arms race, and AI infrastructure spending.
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