2016-05-04

Gold Rising in Many Currencies, Yuan Weakening Versus Many

Gold is entering a bull market, rising in many currencies. In contrast, the yuan is weakening. When the dollar falls, then yuan falls with it. When the dollar rallies, as it did strongly this evening, the yuan devalues versus the dollar. Gold is ratcheting high, the yuan lower.

ZH: US Futures Tumble After China Devalues Yuan By Most Since August Collapse

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