China imports gold in record amounts – and breaks away from the dollar

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China is importing gold in record quantities and moving away from the US dollar – that's what Focus Panorama reports. At the same time, experts consider a significant rise in the gold price possible.

When a country that is considered one of the biggest players in the gold market suddenly strikes at record speed, that has consequences for the prices you see on the exchange or at the dealer around the corner. That's exactly why it's worth taking a look at what's currently happening in China – even if you don't have a single ounce sitting in a safe yourself.

Why China is now buying gold massively

According to Focus Panorama, China is currently importing gold in record quantities. At the same time, the country is breaking away from the US dollar. Both together – record imports and departure from the dollar – paint a clear picture of China's current strategy.

When China moves in on a large scale, that tends to weaken the position of the dollar and supports demand for the precious metal. That's exactly why investors are now watching the Far East particularly closely – the moves in Beijing have immediate consequences for the global market.

What the experts say about the gold price

According to Focus Panorama, experts consider a significant rise in the gold price possible. How big the jump turns out to be and how quickly it comes depends on many other factors – from interest rates to inflation to sentiment on the markets. But the direction is becoming clear.

What that means for your investment

If you already own gold or are thinking about it: High demand from China is no reason to panic, but it shows that prices could continue to come under upward pressure. Anyone who wanted to invest anyway should keep an eye on the market – rather than waiting for the perfect moment.

Because those who hesitate too long will, in doubt, pay the price for the fact that others have long since gotten in. Watch the development before you make a decision – that's the first step to be able to react correctly at all.