Top analyst says China is playing a ‘key role’ in the price of gold going through the roof, and he’s got the data to prove it

China has emerged as a critical force propelling gold prices to record highs in 2025, according to one of the most influential analysts on Wall Street. Torsten Slok, Apollo Global Management’s chief economist who is renowned for his pithy, incisive daily email, The Daily Spark, highlighted on Tuesday that China’s impact goes beyond central bank buying; it also involves arbitrage trading, robust household demand, and safe-haven investment behavior, and he produces convincing data backing these claims. Again ...