Gold/I can't stop watching the JGB market wondering what comes of this/More good earnings tidbits

Wondering why gold keeps rallying and what China is doing with some of its $1 Trillion trade surplus? They continue to buy gold. Their published gold holdings as of January were 73.45 million ounces and see the chart below comparing it with their holdings of US Treasuries. We remain bullish and long gold, silver and recently platinum.

Gold holdings in orange, Treasury holdings in white

Japan remains the largest holder of US Treasuries but the JGB market continues to be more competitive in terms of the yields on offer as JGB rises again overnight. The 10 yr yield was higher by another 2.5 bps to now 1.30%. That's a fresh 14 year high. The 2 yr yield rose by almost 3 bps to .80%, a 16 ½ year high. I continue to believe that watching this market is crucial and has global ramifications for other bond markets if the selloff continues.

10 yr JGB Yield

To the earnings comments of note and the Mag 7 are now down to the Top 2 in terms of stock market performance, Meta and Nvida (though off its highs too). And yes, many mixed economic signals too.

From Amazon: