Tiongkok PBOC driving Gold Rally Thru Printing $$$$, kym?

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Tiongkok PBOC driving Gold Rally Thru Printing $$$$, kym?

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21-04-2024, 02:00 PM

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Tiongkok PBOC driving Gold Rally Thru Printing $$$$, kym?

An honorable member of the Coffee Shop Has Just Posted the Following:

Markets
China Is Front and Center of Gold’s Record-Breaking Rally

Central bank has been on a buying spree for 17 straight months
Demand remains buoyant despite record prices and weaker yuan

By Bloomberg News
April 21, 2024 at 9:00 AM GMT+8

Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent.

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