Authored by Andrew Moran via The Epoch Times,
China’s ferocious appetite for gold is influencing the global metals market, and that demand is what will keep driving up metal prices,according to Michael Howell, founder of CrossBorder Capital.
The People’s Bank of China’s gold holdings totaled 74.19 million fine troy ounces by the end of January, up from 74.15 million in the previous month, according to recent central bank data.
Beijing’s value of gold reserves also surged to $369.58 billion, from $319.45 billion in December 2025.
Gold accounts for almost 9 percent of China’s total reserves,the World Gold Council estimates.
The metals market has been on a roller coaster ride over the past few months.
Gold prices are currently trading at about $5,000 per ounce—up by 17 percent this year—on the COMEX division of the New York Mercantile Exchange.
Silver, the sister commodity to gold, is hovering at about $80 per ounce. The white metal has fallen sharply since reaching an all-time high of $121.
The commodities boom will continue, with a focus on oil and gold, Howell said in a recent interview with Siyamak Khorrami, host of EpochTV’s “California Insider.”
Global financial markets are experiencing a commodities boom, particularly in industrials, which coincides with the buildout of artificial intelligence infrastructure. At the same time, Howell said, energy is also witnessing a dramatic increase.
Source: ZeroHedge News
