A torrid rally in gold helps China move one step closer to its goal of building a world less dependent on U.S.-centered financial markets.
Beijing has already been accumulating reserves for a decade, constituting a stock of bullion that is probably the sixth largest in the world. Today, the dizzying rise of the metal reinforces his campaign. On Wednesday, gold surpassed $4,000 an ounce for the first time — thanks in part to President Donald Trump’s erratic policies at home and abroad.
