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Central Banks Are Dumping Treasuries for Gold. Should Gold ETF Investors Follow, or Get Played?
Key takeaways
- Central Banks Are Dumping Treasuries for Gold.
- China's ICBC and China Construction Bank shuttered paper gold trading, threatening to expose the futures market's fractional-reserve-style price manipulation.
- CME December 2026 gold call options show 30,000 contracts at $20,000/oz, signaling some traders expect a 400% price surge within six months.
Central Banks Are Dumping Treasuries for Gold. Should Gold ETF Investors Follow, or Get Played? John Seetoo Thu, July 2, 2026 at 9:44 PM GMT+7 8 min read GC=F 601939.SS DX-Y.NYB GLDM IAU Quick Read Central banks doubled gold purchases to 1,000 tons annually while 74% plan to cut US Treasury holdings over the next five years.
China's ICBC and China Construction Bank shuttered paper gold trading, threatening to expose the futures market's fractional-reserve-style price manipulation.
CME December 2026 gold call options show 30,000 contracts at $20,000/oz, signaling some traders expect a 400% price surge within six months.
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