Why China is importing a record amount of gold — and what it means for prices
Summary
China has reached record levels of gold imports as the central bank works to reduce its reliance on the US dollar. At the same time, local households are turning to the precious metal to protect their savings amid economic uncertainty.
Beijing’s push to diversify away from the dollar and Chinese households’ search for a safe place to put their savings has fueled China’s record gold buying.
Source: Read the full story at US Top News and Analysis
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