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China has reportedly acquired more gold than publicly disclosed

A report says China has quietly acquired substantially more gold than official figures indicate, amid discussion of a potentially gold-backed renminbi.

By DoomRadar · Published on DoomRadar .

Why it matters

Large-scale reserve changes could affect global gold markets and monetary strategy.

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  1. Scott Bessent Predicted a Potentially Gold-Backed Renminbi in 2023: Now, China Has Quietly Acquired 'Far More Gold' Than Reported ↗finance.yahoo.com · Recorded source date: Aug 26, 2026, 9:46 PM UTC

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