SPDR Gold Trust (GLD)

[jt6455]

"One factor that could embolden the Chinese leadership on the timing of a higher bullion reserves announcement reflects gold’s firmness against other currencies that Beijing also holds, along with the dollar, in its foreign-exchange assets, especially the euro — for China, a significant benchmark. As a result of the dollar’s general international strength, gold has risen 28% in euro terms since the end of 2013, strengthening the logic behind China’s behind-the-scenes gold diversification."