CNY is now a gold redeemable currency with gold delivery via a vault in Hong Kong.
Anyone with surplus CNY who prefers gold can buy gold on Shanghai Gold Exchange, take delivery in Hong Kong, vault or ship globally as appropriate to their security and liquidity preferences.
By that definition then USD is backed by physically deliverable Gold futures on COMEX/CME
https://www.cmegroup.com/rulebook/COMEX/1a/113.pdf
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