Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Chinese speculators are driving a record-breaking gold rally, with trading volume in China exploding to 5 times the average in 2023. Concerns about yuan devaluation have led many Chinese to buy gold instead of hoarding US dollars. Central banks are diversifying reserves away from treasuries due to US currency debasement.
China's net gold imports via Hong Kong in March rose about 40% from the previous month. China continues to hoard #gold. https://t.co/yvw1zPsX8Y
Gold Continues to Boom. The Major Buyer: Central Bankers https://t.co/0AlBOcQecO
Gold's Wild Rally Isn't Over Yet The metal just hit major "overbought" levels. Normally, that would be a bad sign. But in this case, it points to double-digit upside over the next year. It's like a stretched rubber band that's bound to snap back soon ➡️ https://t.co/QEkLzKrqln https://t.co/Ei9u1f93Oi
