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Benzinga
Benzinga
Business
Piero Cingari

Trump Can't Stop This—China's $253 Billion Gold Hoard Is A Silent Strike On Dollar

Trump vs. China

While President Donald Trump aims to restore U.S. economic dominance on the global stage, China is quietly making a powerful statement of its own—stacking gold at a record pace and chipping away at the U.S. dollar's supremacy.

China's central bank extended its gold-buying streak to a 10th consecutive month in August, fueling a broader rally in the precious metal that has pushed prices to historic highs.

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