China Dumps US Treasuries Amid Global Gold Surge: UK’s Shifting Strategy
The global rise in gold prices is fueled by consistent buying from central banks, notably in India and China. Both nations are strategically reducing their holdings of US Treasuries while simultaneously increasing their gold reserves, reflecting a shift in reserve management. India’s actions are driven by diversification and risk management, resulting in a significantly increased portion of gold within its reserves. China’s move away from US debt is motivated by both technical and geopolitical concerns, as the country seeks to optimize its reserve pool and mitigate potential risks. This trend suggests a broader global reevaluation of US debt and a growing emphasis on gold as a strategic reserve asset.
John Q. Hosedrinker