How China's 'unruly' speculators might be fueling the frenzy in gold market
CNBC·2026-02-13 06:51
Gold and silver prices rose as U.S. Treasury bond yields fell after December retail sales growth stalled, signaling a softening economy ahead of key jobs data.Gold's wild price swings in recent weeks are increasingly being linked to speculative trading in China by some analysts, with U.S. Treasury Secretary Scott Bessent attributing the heightened volatility to "unruly" Chinese activity.Gold prices jumped to a record high of $5,594 per ounce on Jan. 29 only to plummet nearly 10% the next day in its sharpest ...