Geopolitical & Economic Strategy - China aims to convert its leading position as the world's top gold consumer and producer into greater financial influence [1] - China is implementing strategies inspired by London's gold trading center to build a system hedging against potential US sanctions [2] - China aims to challenge US financial dominance amidst growing instability in US politics [3] - By promoting gold, China could encourage more countries to use the RMB and boost its role in the international financial system [4] - China's ultimate goal is to build a world less dependent on US century markets [4] Gold as a Financial Tool - Russia's gold accumulation helped stabilize its finances after its foreign reserves were frozen following the invasion of Ukraine [3] - Countries are seeking alternatives to the US dollar, increasing the attractiveness of gold [4]
Gold’s Record Rally Is Helping China Challenge Trump and the Dollar
Bloomberg Television·2025-10-14 17:34