China Attempting To Become Custodian of Foreign Gold Reserves in Move To Lessen Dependence on Western Financial System: Report

China is reportedly making additional moves into the gold sector. Bloomberg, citing “people familiar with the matter,” reports that the People’s Bank of China (PBOC) now wants to custody foreign sovereign gold reserves. source: https://dailyhodl.com/2025/09/24/china-attempting-to-become-custodian-of-foreign-gold-reserves-in-move-to-lessen-dependence-on-western-financial-system-report/