Friday, October 13, 2017

Investorideas.com - Yuan and Gold

Investorideas.com - Yuan and Gold




Yuan and Gold



October 13, 2017 (Investorideas.com Newswire) In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, such as the U.S. dollar, the euro, or the Japanese yen. But what is the link between the Chinese yuan (officially: renminbi) and the yellow metal? Let's check it out.

Chart 1: The USD/CNY exchange rate (red line, right axis) and the price of gold (yellow line, left axis, London P.M. Fix) from January 1981 to September 2017.
full article   http://www.investorideas.com/news/2017/main/10131TradingAlert-YuanGold.asp
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