"China has emerged as a critical force propelling gold prices to record highs in 2025, according to one of the most influential analysts on Wall Street. Torsten Slok, Apollo Global Management's chief economist who is renowned for his pithy, incisive daily email, The Daily Spark, highlighted on Tuesday that China's impact goes beyond central bank buying; it also involves arbitrage trading, robust household demand, and safe-haven investment behavior, and he produces convincing data backing these claims."
"Gold's 50% jump in 2025 marked a seminal moment: It crossed the $4,000 an ounce threshold after President Donald Trump enacted a 100% tariff on China, severely disrupting global trade and eroding confidence in the greenback. As the dollar depreciates and U.S. stocks slump, gold shines brighter as a safe asset. Veteran analyst Ed Yardeni forecasts a price of $5,000 for 2026"
China's demand for gold includes central bank purchases, arbitrage trading, speculative activity, and increased safe-haven buying by households. Rising business uncertainty in the U.S. is also supporting higher gold prices. Gold surged about 50% in 2025 and surpassed $4,000 an ounce after a 100% U.S. tariff on China disrupted global trade and weakened confidence in the dollar. Forecasts project $5,000 by 2026 and up to $10,000 by 2028 if current trends continue, driven by a "debasement trade" favoring gold and Bitcoin. Official Chinese reserves reached 2,264 tonnes by mid-2025, with actual holdings possibly higher.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]