Gold Hits Fresh Record as Traders Weigh China Reserves, Fed Cuts
By Jack Ryan and Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Tuesday, September 23, 2025
Gold climbed to a fresh record, with traders weighing China's plan to become a custodian of foreign sovereign gold reserves in a bid to strengthen its standing in the global bullion market.
The People's Bank of China is using the Shanghai Gold Exchange to court central banks in friendly countries to buy bullion and store it within the country's borders, according to people familiar with the matter.
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The Asian nation is the world's biggest producer and consumer of the precious metal, and the country taking a bigger role in the global bullion market could mean looser import restrictions, or a broader role for gold in the financial services sector. ...
... For the remainder of the report:
https://finance.yahoo.com/news/gold-reaches-fresh-record-rate-235705197.html [4]
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