Can someone help me understand ..., page-2

That is circa 200Mil USD sale of gold coins although clearly a jump does not mean much. The price of gold has gone up 17% so demand outweigh supply in the short run.

"China has reportedly decided ”there can be no conversion of gold-backed Yuan to or from US dollars.” What China fears is that many countries around the world will want to trade their reserve US dollars  for the new Yuan, leaving China with mountains of worthless US dollars.  China already has several trillion in US dollar reserves and does not want or need more."

This conspiracy has been around long before the Shanghai Gold fix! This isn't a revelation. China could have rebalance their holding in % terms on gold relative to USD but haven't they done so? Could it be that gold market is no where near as deep as USTB? It is fine having to control physical gold market but if there aren't a deep and willing counter party to absorb any big selling, A big player can only damage their remaining exposure if they start dumping?