China is dumping U.S. Treasuries and stockpiling gold

2026-02-07 - 05:19

China is dumping U.S. Treasuries and stockpiling gold. China’s gold reserves have surged to a record 74.1 million ounces. At the same time, China’s holdings of U.S. Treasuries have fallen to $682.6 billion, the lowest level in 18 years. Since peaking in 2013, China has reduced its Treasury exposure by more than $600 billion—while its