China among top gold buyers as bullion overtakes US Treasuries in global reserves: ECB
China has emerged as one of the leading buyers of gold, surpassing the United States in terms of gold holdings in global reserves. The European Central Bank has noted this shift, indicating a growing preference for gold over traditional assets like US Treasuries. This trend reflects broader changes in global economic strategies and investment preferences.
- ▪China is now among the top gold buyers globally.
- ▪Gold has overtaken US Treasuries in global reserves.
- ▪The European Central Bank has highlighted this significant shift in asset preferences.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.