As President Donald Trump focuses on revitalizing the U.S. economy globally, China is discreetly accumulating gold at a rapid rate, challenging the dominance of the U.S. dollar. In August, China's central bank marked its 10th consecutive month of gold purchases, boosting the precious metal's value to record levels. The People's Bank of China acquired 60,000 ounces last month, increasing its total gold reserves to 74.02 million ounces by the end of August. This move elevates China's official gold holdings, as reported by the State Administration of Foreign Exchange. This information can be found in detail on Benzinga.com.