China Has Been Buying Gold for 20 Straight Months. Now It’s Moving It.

China’s central bank is quietly moving gold from London to Hong Kong, backing a new clearing system designed to price gold in Asia on different terms.
Gold Rebounds as Asia Bets Big on Bullion

Gold is bouncing back Friday morning after a week of sharp volatility. Today’s PCE report could make or break the rally. Plus: Singapore and Hong Kong both unveiled gold hub plans — and their approaches couldn’t be more different.
