Economic security

Power of Gold: China Establishes Its Largest Gold-Investment Fund

China has established its largest gold-investment fund in northwest China's Xi'an City, the ancient starting point of the famous Silk Road, aiming to bolster Beijing's role in global gold trade.The initiative is a part of China's ambitious New Silk Road project and about 60 countries have already invested in the "Silk Road Gold Fund." While the new fund is aiming to invest in mining projects in the region, it is expected that central banks of the member states will increase their holdings in the precious metal.