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Gold Fell. China Bought Its Most in 17 Months. Here’s Why.

Bloomberg terminal showing gold spot price falling, beside gloved hands handling a 1000g gold bar — why is gold falling explained

Five things drove gold and silver lower this week — a stronger dollar, spiking Treasury yields, the hottest US producer inflation in over three years, a new Federal Reserve chair, and a Trump-Xi summit with no deal. All five are documented and short-term. Meanwhile, the People’s Bank of China quietly made its largest gold purchase in 17 months. That contrast is the story.

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