US EditionChina’s gold hoarding: a bad omen for the dollar
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China’s gold hoarding: a bad omen for the dollar
TOKYO — The intensifying gold rush on the part of central banks suggests the fallout from Donald Trump’s fiscal handiwork is just beginning. As top monetary authorities pile into gold at historically elevated prices, the real goal is reducing exposure to the US dollar. This dynamic belies US President Trump’s claims that multi-trillion-dollar tax cuts […] The post China’s gold hoarding: a bad omen for the dollar appeared first on Asia Times.
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