TrendsNAfrica published on 1 July 2026 an article titled "China's New Gold Strategy Runs Through Africa: How Beijing Is Rewriting the Global Bullion Market."
Beijing is quietly reshaping the mechanics of the international gold trade. Its strategy involves dismantling speculative domestic paper-gold trading while building an international ecosystem centered on physical bullion, yuan-based settlements, and African mineral wealth.
About 40 percent of the world's remaining underground gold reserves are located in Africa. China is reducing its holdings of US Treasury securities and replacing them with gold purchases, especially in Africa.
