Scott Bessent Predicted a Potentially Gold-Backed Renminbi in 2023: Now, China Has Quietly Acquired ‘Far More Gold’ Than Reported
Reported by TradingView: “Scott Bessent Predicted a Potentially Gold-Backed Renminbi in 2023: Now, China Has Quietly Acquired ‘Far More Gold’ Than Reported”. Gold settled at $4,698 an ounce on August 24, 2026 — $151.04 per gram, +0.37% on the day. The story touches China: we track local prices and customs flows for those.
The development may change short-term gold-price expectations. Confirmation requires comparing the headline with COMEX, the dollar, yields and trading volume. Thirty sessions later gold traded at $4,187 an ounce, -10.87% versus the date of the report. That is an observation about the market, not a consequence of one headline.
- COMEX price
- US Dollar Index
- US 10Y yield
- volume and momentum
- price confirmation
- trading volume
- cross-asset reaction
- reserve and import data: China
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.