Gold’s resurgence indicates a power shift from West to East.

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Gold is regaining its shine as central banks globally, led by China’s relentless surge, bolster official gold reserves. In January alone, the net purchases surged to 39 tonnes, double the revised December figures, marking the eighth consecutive month of gold accumulation. China’s central bank steals the spotlight in February, adding a staggering 390,000 troy ounces, hitting a record 72.58 million troy ounces or 2,257 tons in official holdings.

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As the East continues its gold spree, a narrative unfolds—China challenging the West’s gold pricing dynamics and signaling a shift in global financial power. Fresh record highs in China at $2189.59 per ounce prompt questions about COMEX paper games and highlight a changing landscape where the East’s savers influence gold’s pricing more than the West’s gamblers.

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