🟡🇨🇳 China and gold.. Will we see a bigger move behind the scenes?
Estimates attributed to a Goldman Sachs analysis of London market data outside the exchange (OTC) suggest that China’s gold purchases may have reached about 88 tonnes during May and June 2026.
📌 Notable details:
▪️ May: estimated at around 48 tonnes versus 10 tonnes officially reported.
▪️ June: estimated at around 40 tonnes versus 15 tonnes officially reported. �
Event +1
Meanwhile, U.S. Treasury Department data showed that China’s holdings of U.S. Treasury bonds fell to $633.4 billion in June, the lowest level since September 2008. �
Reuters +1
🤔 The question here isn’t only: Is China buying gold?
But rather:
Is China working to diversify its reserves away from the dollar and gradually increase the weight of gold?
🪙 More gold?
💵 Fewer U.S. bonds?
🌍 Are we looking at a long-term shift in how global reserves are managed?
💬 What do you think?
Do you believe gold will become more important in the global financial system in the coming years? 👇
⚠️ Note: The 88-tonne figure is an estimate based on OTC data, not an official announcement by the People’s Bank of China.
🔥 Mr Ahmed BTC
#Gold #China #Bitcoin #Crypto #Economy #Trading #Binance #MrAhmedBTC
$XAU
Estimates attributed to a Goldman Sachs analysis of London market data outside the exchange (OTC) suggest that China’s gold purchases may have reached about 88 tonnes during May and June 2026.
📌 Notable details:
▪️ May: estimated at around 48 tonnes versus 10 tonnes officially reported.
▪️ June: estimated at around 40 tonnes versus 15 tonnes officially reported. �
Event +1
Meanwhile, U.S. Treasury Department data showed that China’s holdings of U.S. Treasury bonds fell to $633.4 billion in June, the lowest level since September 2008. �
Reuters +1
🤔 The question here isn’t only: Is China buying gold?
But rather:
Is China working to diversify its reserves away from the dollar and gradually increase the weight of gold?
🪙 More gold?
💵 Fewer U.S. bonds?
🌍 Are we looking at a long-term shift in how global reserves are managed?
💬 What do you think?
Do you believe gold will become more important in the global financial system in the coming years? 👇
⚠️ Note: The 88-tonne figure is an estimate based on OTC data, not an official announcement by the People’s Bank of China.
🔥 Mr Ahmed BTC
#Gold #China #Bitcoin #Crypto #Economy #Trading #Binance #MrAhmedBTC
$XAU
