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Is the Gold Market Manipulated? Can China Shut Down the Paper Gold Market?
Evidence suggests that the West has been controlling the price of precious metals through futures trading on COMEX [Commodities Exchange] in New York and the LBMA [London Bullion Market Association] that sets the spot price of precious metals. Critics believe that 'paper' gold contracts have been manipulated for decades.
China controls about 15% of the metals trading markets, but it has been continuously buying gold for over a decade as it aims to partially back its currency with gold. Chinese banks have raised margin requirements for futures trading to discourage the practice of options trading.
The narrator explains that gold held by the United States is valued at only $42 per ounce and it could be revalued.
Note: The Need To Know News does not endorse any financial advice, but are simply reporting the news. Please consult your own financial experts when investing.
.On June 24, 2026, Chinese banks raised gold and silver deferred contract margins to 120% and 140%, cutting leverage for retail precious-metals traders.