petrol yuan will increase gold liquidity for sure.
back to the basic:
wti-demand-supply-usd-gold-interest rate
Both China and Trump want cheaper currencies.
usd rises: wti, gold and yuan fall
supply increases: wti, gold and yuan fall
demand increase: wti, gold and yuan rise
interest rate increases: wti, gold and yuan fall
It seems usd is a major threat to commodities
if the Fed keeps on rising rate then yuan becomes trash and no ones wanted to trade petrolyuan that why China must rise rate as well.
This is the FIRST ever seen in China rate adjustment following the Fed rate hiked yesterday.
China is a major user on oil and gold and it's the best choice to resurrect the RUBBISH Yuan hence Gold is the best commodity
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