Gold bars stacked in a vault in West Point, New York. A reversal in the US commitment to a strong dollar could cause investors to sell the dollar and buy up gold. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

China is wise to boost its gold reserves as a weaker US dollar looms and currency wars beckon

  • China’s central bank is piling into gold, the traditional safe haven, as bond yields go negative and the US considers ditching its ‘strong dollar’ mantra, potentially igniting currency wars

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Gold bars stacked in a vault in West Point, New York. A reversal in the US commitment to a strong dollar could cause investors to sell the dollar and buy up gold. Photo: AP
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