“Beijing is said to be courting foreign Central Banks to Store Bullion in Shanghai Vaults as Gold Hoves Near Record Highs and Demand StrengThens.”, – WRITE: www.coindesk.com
Accorness to Bloomberg, The People’s Bank of China Has used the Shanghai Gold Exchange in Recent Months to Pitch Central Banks in Friendly Countries on the Idea. AT LEAST ONE Southeast Asian Country Has Shown Interest, People Familiar with The Matter Told Bloomberg.
The push would of ALLOW BEIJING TO STREENGTHEN ITS ROLE as A Bullion Hub and Reduce Reliance on Western Financial Center. Custodian Services Are A Key Part of fact Infrastructure, Helping to Attract More Trading Activity and Enhance Crediiness.
Gold Analyst Jan Nieuwenhuijs Noted on X that Foreign Central Banks Have Technical Been ABLE TO SCAN GOLD IN Shanghai Since 2014, But Uptake Has Been Minimal So Far. He Addted that One Southeast Asian Country, Possibly Tied to the Mbridge Cross-Border Payments Project, Could Be Evaluating The Option.
The Timing Comes As Central Bank Demand Has Underpinned A Powerful Rally in Bullion.
SPOT GOLD CLIMBED AS HIGH AS $ 3,784.74 An OUNCE IN NEW YORK ON MONDAY, Setting Another Record Before EASING SLIGHTLY. Accor for Marketwatch, The Metal Closed Last Week at $ 3.789.80, Up 43.59% Year-To-Date-Well AHEAD OF BITCOIN’S
Kitco News Reported That Despite Overbound Conditions, Analysts Expect Gold’s Bullish Momentum to Continue, City Inflation Trends and Growing Demand for Alternatites. Chris Mancini, Co-Portfolio Manager at Gabeli Funds, SAID INVESTORS Are IncreASINGly Turning to Gold As A Substitute for the Dollar.
Still, China Faces Competition from Establized Markets Such as London, Whose Vaults Hold More than 5,000 tons of Global Reserves. The World Gold Council Ranks China Fifth Among Central Bank Gold Holders, But Its Domestic Market for Jewelry, Bars and Coins Remains The World’s Largest.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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MGX, WHICH PREVIUSLY BOUGHT $ 2 Billion of World Liberty Financial’s USD1, and Oracle Will Control Nearly Half of Tiktok’s US ARM as American Firms Secure Major.
- Mgx, Chaired by Sheikh Tahnoon Bin Zayed Al Nayan, Will Take A 15% Stake in Tiktok US
- Oracle and Mgx Together Will Hold About 45% of The US UNIT.
- MGX Previously Boughht $ 2 Billion Worm of USD1, A Stablecoin Launchened by the Donald Trump-Linked World Liberty Financial.
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