A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena.
Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition
In a comprehensive exposé on Seeking Alpha, Gainesville Coins’ gold analyst Jan Nieuwenhuijs emphasizes the waning control of the West over the global gold market, attributed to the East’s robust acquisitions.
“The global gold landscape has witnessed a pivotal shift. During the latter part of 2022 and early 2023, the East has been pushing gold prices upwards, effectively shattering the West’s historical pricing stronghold,” the author asserts.
Nieuwenhuijs sheds light on a nearly 90-year trend up to 2022 where gold movement between the West and East mirrored price oscillations. The analyst stressed that the West, being the price-setter, would buy from the East when prices surged and, conversely, would offload
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