Why is China buying up gold?
Beijing’s gold purchases reflect a shift away from reliance on US dollar assets, experts say.

Beijing’s gold purchases reflect a shift away from reliance on US dollar assets, experts say.


![Japan's Finance Minister Satsuki Katayama speaks to the media about the US-Japan joint forex action upon her arrival at the Finance Ministry in Tokyo. [Issei Kato/Reuters]](https://aljazeeranews-mggx1uo47w.edgeone.app/wp-content/uploads/2026/08/2026-08-02T233755Z_609247456_RC2NQMATKU91_RTRMADP_3_JAPAN-YEN-1785717755.jpg?resize=770%2C513&quality=80)




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