Beijing has more gold in its reserves than at any time in the past six years. China-watchers attribute the 100-ton increase to the country’s ongoing trade war in the US. Meanwhile, retaliatory tariffs on US goods went into effect in September.
Lots of jawboning here. This thing is not going anywhere anytime soon. I think oil is going higher in the short-medium term and then who knows! This is a recent change in my sentiment and I am planning and moving accordingly.