How China's Lavish Gold Purchases Are Weighing on the Dollar

CNBC reports that China's decades-long push to internationalize the yuan has gained new momentum, as Hong Kong gradually moves toward becoming a gold trading hub based on China's national currency.

The American network "CNBC" wrote: China's decades-long effort to globalize the yuan has gained a new speed with the gradual development of Hong Kong on the way to becoming a gold trading center based on the Chinese national currency.