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China is dumping US treasuries and buying Gold

China is dumping US treasuries and buying Gold

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Stu Turley
Apr 24, 2024
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Energy News Beat
Energy News Beat
China is dumping US treasuries and buying Gold
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As the Chinese accumulate more and more gold, they’re dumping U.S. Treasuries.

That raises an important question: who is going to keep funding the federal government’s borrowing spree?

China offloaded another $22.7 billion in U.S. Treasuries in February, according to the latest data from the Federal Reserve. That dropped its total holdings to $775 billion.

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