Gold Confounds, A New Era of CNY Flexibility, Inflation Pressure Builds in the USA

Posted on July 3rd, 2018

The fall in gold may make sense against the stronger USD.  However, it is odd to see it underperform other G10 currencies in an environment of higher global market volatility and increasing inflation pressure in the US.  The steep fall in CNY may reflect a new policy era under a new central bank governor, allowing […]