China May Buy More Gold As Trump Returns To Office
Portfolio Pulse from
China's central bank has resumed gold purchases in November, and there is speculation that China may increase its gold buying if Trump returns to office.
December 13, 2024 | 7:30 pm
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AAAU, a gold-backed ETF, could see increased interest and potential price movement due to China's resumed gold purchases and potential future increases.
AAAU is a gold-backed ETF, and China's increased gold purchases could lead to higher demand for gold, potentially increasing the value of gold-related assets like AAAU.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50