China replaces dollar with gold in international trade, Willem Middelkoop notes

China replaces dollar with gold in international trade, Willem Middelkoop notes
China shifts global trade to gold

Willem Middelkoop, founder, investor, commodity fund manager at Commodity Discovery Fund, suggests that China is actively shifting away from the U.S. dollar and replacing it with gold for trade transactions.

The commentary highlights China's gradual move to conduct more trade using gold rather than relying on the dollar.

Middelkoop has previously reported on mining sector developments, noting a major Talon Metals drill result that made it his fund's largest position in one update. He also highlighted Talon Metals' 34 percent jump on record volume following the company’s best assay results in another report. These updates reflect his ongoing coverage of key moves in resources and commodities.

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