Australia's largest stock trading and investment forum Australia's #1 stock forum

XAO

Click for more information

0.28%

8,191.9 all ordinaries

Sounds like a reasonable call. I will be watching this.

First 50 Last

Share
Profile

Follow
radx

1,371 Posts.

369

03/12/18

07:55

Post #: 36724081
Share

Originally posted by Dazedandconfused ↑

Hi radx

I was reading some analysis a few weeks ago which explained that the devaluation of the Yuan was the main reason gold began to weaken. I found it a hard argument to really understand... but it runs along the lines that when the Yuan goes down it adds upward pressure to the $US and so negatively impacts commodity prices in $US terms.

What I mean by that first sentence is... China's reply to the tariffs has been to allow the Yuan to devalue. If the truce is real [and not just rhetoric] then we should see the Chinese step in to defend the Yuan to at least hold it at current levels [which they can do by buying Yuan and selling $US]. If the Yuan continues to decline then ... imo... China is not genuine in their negotiations.

I am no expert in any of this ... just my head-scratching opinions.

Expand

Sounds like a reasonable call.
I will be watching this.

XAO Value at posting: 5,749.3
1 Upvote

0 Great analysis

Reply

Top Stories

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CNB

Carnaby Resources hits copper at Mohawk, QLD

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

First 50 Last

Add XAO (ASX) to my watchlist