no, "The West" is not manipulating gold and silver prices

no, "The West" is not manipulating gold and silver prices silver and gold had retracements many times before, but I guess when it falls on Chinese holidays it becomes "western manipulation"? ≈32% of global gold demand in 2025 comes from China (estimate for jewelry + bar & coin). China is a major buyer of gold - so a lot of demand there a more reasonable explanation is a demand dip, due to the holiday in PRC. also the US government shutdown. although I agree the idea of a magic red button saying DUMP GOLD located somewhere in the west is more exciting 😄 it's also not clear what would be the purpose of manipulating the price of gold down, as that would be benefiting China - they can buy it cheaper! PBoC has been buying gold for years, and they will continue to do so. PBoC doesn't announce targets publicly - and they're flexible on their purchases, so again, lowering the gold price would likely allow them to buy it at a cheaper price