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PBOC easing will support gold prices and could start a global trend – analysts
A quiet start to the week is weighing on gold prices, but analysts remain optimistic that prices can push higher as easing from the People’s Bank of China could ignite a further drop in global interest rates. Overnight, the PBOC the interest rate on its medium term...
There’s A Major Banking Crisis Unfolding In China
The Chinese government isn’t exactly famous for its honesty and transparency. So when the Chinese regulators are starting to openly report trouble in their banking system, it’s time to take notice. According to the People’s Bank of China (PBOC)’s “2019 China Financial...China’s Central Bank Won’t Let Yuan Weaken Past 7 To The Dollar
China’s central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank’s thinking said. “At present, rest assured they will...Start Your Dollarcation With RTD University
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