As France pulls gold from the U.S., how can China develop into the next global gold hub?

By Sylvia Ma South China Morning Post Wednesday, April 8, 2026 https://www.scmp.com/economy/china-economy/article/3349343/france-pulls-gold-us-how-can-china-develop-next-global-gold-hub As the French central bank repatriates gold reserves from the United States, analysts say China should seize this "strategic window" to develop itself into the next global gold hub. They added that Beijing can leverage policy stability, alongside Hong Kong's strengths in fintech such as blockchain, to build a modern gold trading centre, particularly as policy volatility under U.S. President Donald Trump's second term heightens global concerns and deepens the de-dollarisation trend. ... Dispatch continues below ... ... ADVERTISEMENT ... Buy, Sell, or Store Precious Metals with Money Metals Exchange Money Metals Exchange, a national bullion dealer recently named "Best Overall" by Investopedia.com -- https://www.moneymetals.com/news/2021/02/01/best-overall-precious-metals-dealer-002213 -- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals. Shop online with Money Metals Exchange here -- https://www.moneymetals.com/buy -- or by calling 1-800-800-1865. Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost: https://www.moneymetals.com/depository The French central bank's move "is a signal worth watching -- it is unusual,' said Raymond Yeung, chief Greater China economist at ANZ Bank. "For China, especially Hong Kong, this is a strategic window that needs to be seized," he added, citing growing doubts over the U.S. dollar-dominated global financial system and the broader investment demand for gold. The Bank of France has replaced its remaining gold reserves held in New York with the equivalent amount bought in Europe and stored in Paris between July 2025 and January 2026, as reported by Radio France Internationale on Saturday. Meanwhile, economists in Germany, such as Michael Jaeger, head of the Association of German Taxpayers and the European Taxpayers Association, are also calling on the government to withdraw its gold holdings from the U.S. "Trump is unpredictable and he does everything to generate revenue," Jaeger previously told local media. "That's why our gold is no longer safe in the Fed's vaults." * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png