Is China Selling U.S. Treasuries To Buy Gold?

China is selling U.S. assets, potentially due to geopolitical tensions or to support its local currency. This has contributed to the surge in Treasury yields. With the U.S.-China relationship strained, China might divert its investments away from U.S. dominated financial systems. Given limited options, China may boost its gold purchases. If so, it’s a positive sign for the gold market, potentially driving prices to new highs.