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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