Behind The Mysterious Explosion In Gold Prices: China's "Massive Accumulation Of Gold"

It was almost exactly one year ago when a puzzled market was looking at the suddenly surging price of gold - which erupted from a 2022 low of $1630 in early November to close some $200 higher by year end, in the process diverging dramatically from real interest rates to which it had previously been pegged...

.... and trying to figure out what was behind the sharp move higher.