ilmscore | Prediction Details
"China sold a record amount of us treasuries so the amount of us treasuries sold were 53.3 billion dollar which were sold in the first quarter itself there are us treasuries are agency bonds okay but right now you can just imagine 53.3 billion dollar worth treasuries of USA being sold off Now you can imagine so many so much treasuries bonds sold off what are they going to get in return they're going to get dollars what did they do with this dollar they are buying gold they are increasing their gold reserves currently gold makes up 4.9% of China's reserves which is the highest since 2015 so this is again something pretty interesting China racking up its gold reserves uh and uh you know overall gold is almost at an all-time high with the central banks buying so much of gold continuing to buy so much of gold will there's a possibility that the gold prices may go higher from here as well"
By CA Rachana Phadke Ranade | May 23, 2024 | Pending
From video
Fiscal Deficit | Dedollarisation | Metals | CA Rachana Ranade 00:16:37 - 00:17:47
Interpreted Prediction
China's significant sale of US treasuries and subsequent increase in gold reserves suggests a potential rise in gold prices due to ongoing central bank purchases.

Prediction Details

Topic
Gold Prices

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