A Strong Dollar and Weaker Chinese Yuan Both Drag Down Gold

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China’s yuan has depreciated in opposition to the greenback. That’s dangerous information for gold bugs.

Gold futures have sagged for several months, and traders usually wish to forged the blame on increased rates of interest. Many risk-averse traders who may purchase gold are as a substitute shopping for U.S. Treasurys, since these yields have risen this 12 months as the Federal Reserve has raised rates

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