As the trade war bites, China is adding to its gold reserves — the ultimate safe-haven asset
Gold has risen 18% since January as investors around the world have been looking to the precious metal as political uncertainty has weighed on markets. Part of the reason is that China has added 100 tons of gold to its reserves since December. Gold bullion is currently near a six-year high as private traders have plowed into the haven. Watch Gold trade live. View Markets Insider's homepage for more stories.
Gold has risen 18% since January as investors around the world have been looking to the precious metal as political uncertainty has weighed on markets. Part of the reason is that China has added 100 tons of gold to its reserves since December. Gold bullion is currently near a six-year high as private traders have plowed into the haven. Watch Gold trade live. View Markets Insider's homepage for more stories.
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