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Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price ‘Perfect Storm’

You are currently viewing Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price ‘Perfect Storm’
  • Post author:Auto News Feed
  • Post published:March 25, 2024
  • Post category:Market News
Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Could Create Price 'Perfect Storm'A recent report from Jan Nieuwenhuijs, an expert in the Chinese gold market, has found that the actual gold reserves held by the People’s Bank of China might comprise over 5,300 tonnes, dwarfing official numbers. Nieuwenhuijs explains China might be a driving force behind increasing gold prices, as the country moves to hoarding gold to […]
Tags: Crypto Market, Digital Market, Market Analysis

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