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 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
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

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 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
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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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.