China continues its 20-month gold buying spree to avoid financial issues like Russia's. Gold hitting $10,000 by December at 2.8% YES.

China buys 48 tonnes of gold in May, the highest in over a year. XAU/USD reaching $4,600 in July 2026 at 0.5% YES.

China cut US Treasury holdings to an 18-year low while buying gold for 17+ straight months, reshaping global bond markets and reserve currency dynamics.