Commodity Trade Mantra

Posts Tagged ‘Domestic Gold Production’

China Bought Gold With Proceeds From Record Sale Of US Treasurys

In a month in which China sold a record $83 billion in Treasurys, it had no qualms about rotating the sale proceeds into gold. Or at least that’s what it was eager to telegraph with its data. However, even as China is buying gold, it is still doing so at half the pace of neighbour Russia. Between China and Russia, some 47 tons of gold were purchased in the open market in past month.

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