Gold Price Surges As Chinese Analysts Suggest Denominating Trade in Gold If There Is Conflict With U.S.

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Gold prices surged to $1,981.42 at the end of last week, nearing the all-time high:

This comes as Chinese analysts looked at how the U.S. implemented sanctions on Russia after the Ukraine conflict — and said gold could be a way to insulate China from the effects of U.S. sanctions.
Reuters reported:

In a war with the U.S. over Taiwan, China would need to create a global network of companies under U.S. sanctions, seize American assets within its borders, and issue gold-denominated bonds, according to Chinese government-affiliated researchers studying the Western response to Russia after its invasion of Ukraine .  » READ MORE