EconomyWhy is China buying up gold?

Analysts say China is building its gold reserves to reduce reliance on US dollar assets and guard against financial and geopolitical risks. The People’s Bank of China has bought gold for 23 consecutive months, while households are also turning to the metal to preserve savings amid uncertainty about the domestic economy.

Chinagold reservesUS dollar assetscentral bank

AAl Jazeera★★★☆☆2026-10-16 11:38Original