The Chinese bought a lot of gold some time ago

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

The Chinese bought a lot of gold some time ago, causing the gold and U.S. dollar charts to diverge. This deviation is being erased

Comment:

Why are Chinese people buying gold like crazy? Because the Chinese economy is collapsing, the People's Bank of China controls foreign exchange, and Chinese people can only buy gold to prevent currency depreciation.

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