China Delivers US Dollar A Golden Blow

Jun 24, 2019 | Uncategorized

China’s continuing push to increase its gold reserves to counter the US dollar has sustained a worldwide gold-buying spree. Last week’s US Federal Reserve Board meeting – an event signaling a likely drop in US interest rates – also contributed to the spike in the price of gold. The US dollar’s status as world reserve currency may be in jeopardy.

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