Goldman Sachs data shows China's gold buying far exceeds official PBOC figures as U.S. Treasury holdings drop to 2008 lows.
- Goldman Sachs data suggests China's actual gold purchases significantly exceed official PBOC reports, with OTC market data indicating much higher volumes than officially disclosed.
- Concurrently, China's holdings of U.S. Treasuries have fallen to their lowest point since 2008, signaling a broader trend of reserve diversification.
- Increased activity in Shanghai gold futures, reaching five-year highs in open interest, further underscores strong domestic investor interest in gold.
Topics: Asset types, Jurisdictions, Market cycles macro sensitivity, Alternative assets, Emerging hubs, Market volatility liquidity
Tags: #chinagoldbuying #pboc #goldmansachs #ustreasuries #shfe #otcmarket #reservediversification #goldfutures #preciousmetals
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