China shifts from US bonds to gold

A report from Goldman Sachs revealed that China secretly purchased around 88 tons of gold during May and June, despite the Chinese central bank publicly announcing that it only bought 25 tons during the same period. These purchases come amid China's move to reduce its reliance on American bonds and to invest more heavily in gold as a safe haven. This may reflect China's preference for protecting its reserves from fluctuations in the global markets, especially amid rising economic and geopolitical tensions. It also indicates that China is employing covert strategies to boost its gold reserves, even though its official reports show much lower figures.

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