Reuters/Kevin Yao and Noah Sin/9-26-2019
“China, having let the yuan cross the once sacred red line of 7 per dollar, will allow its currency to fall further and may even risk U.S. anger by using it as a bargaining chip in already thorny trade talks, market participants believe.”
USAGOLD note: Initially it was thought that a weak yuan translated to lower gold price. Instead gold and the dollar rose in tandem.
Source: USA gold
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