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NewsMax/10-1-2020
“The onshore renminbi gained 3.8% in the three-month period ending Sept. 30, the most since early 2008, while its offshore counterpart advanced more than 4%. That’s more than Group-of-10 currencies including traditional havens like the Swiss franc and Japanese yen.”
USAGOLD note: Strength in China’s yuan could translate as a positive for the gold price. China has long-held ambitions for raising the redback to reserve currency status.
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