China buyers lift 'stateless' gold to new highs amid U.S. tensions

China buyers lift 'stateless' gold to new highs amid U.S. tensions

TOKYO -- Gold prices marked a third straight trading day of record highs Monday, rising in particular during Asian trading hours as investors in mainl

Gold prices hit a record high for the third consecutive trading day on Monday (April 21), especially during the Asian trading hours. The rise in gold prices was particularly significant as Chinese people flocked to the "stateless" safe-haven asset due to the growing tensions between China and the United States.

China Buys Gold, Bitcoin Holds Firm Amid US-China Tensions

China’s central bank has been on a gold-buying spree, accumulating five tonnes in just a month. This aggressive purchasing strategy is part of a broader trend, with China’s gold reserves now standing at a record 2,292 tonnes, accounting for 6.5% of its total official reserve assets. This move comes amid escalating trade tensions between the US and China, with the US imposing a 245% Source

Technical Scoop: China Ace, Overbought Gold, Capital Flight

Technical Scoop: China Ace, Overbought Gold, Capital Flight It is no surprise that gold is up 26% in 2025, consistently making new all-time highs. David Chapman Mon, 04/21/2025