Hope so .
There has been another shift in world currency dynamics recently impacting POG sentiment favourably I suspect. As china currency pegged to $US and players/POG anticipating Fed rate rise in near future, in a weak global export market doing nothing would make china's exports less competitive. Therefore , why not further devalue/flex the yuan to $US by 1.9%,1.6%. The US would now have to take notice in this currency /export war and possibly may defer Fed rate rise to later. Is the POG reacting to this changing situation.
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Hope so . There has been another shift in world currency...
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Open | High | Low | Value | Volume |
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7 | 206640 | 0.215 |
12 | 881544 | 0.210 |
15 | 746398 | 0.205 |
25 | 1034390 | 0.200 |
Price($) | Vol. | No. |
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0.235 | 626457 | 10 |
0.240 | 148102 | 8 |
0.245 | 529031 | 7 |
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