Spot on, the US wants China to strengthen the Yuan cause it would help the US out, like Japan did for the plaza accord and the Yen in the mid 80s, but China ain't playing. Why would they?
https://www.scmp.com/economy/china-economy/article/2187773/china-urged-avoid-cautionary-tale-japan-and-plaza-accord
Short of this if (when) gold is revalued higher (DXY is weakened) it will achieve the same result, and that's why China and Russia and other Central banks have been
loading up on gold since 2014 and its accelerating lately.
Not to mention the boost the Chinese population amd economy will get from the wealth effect as the population had been buying gold to replace the real estate bubble that popped.
Once folks realise that there's no stopping this train, the FOMO trade will be face peeling.
Ann: DFS on 3.04Moz KGP on track for delivery next quarter, page-297
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