Tuesday, August 11, 2015
investing in gold : Gold strengthens gains with the weakness of the Chinese yuan and the absence of important US data
investing in gold : Gold has strengthened its gains during the day to touch a high of $ 1118.90 per ounce was this rise as a correction to the upside, taking advantage of the absence of key US data and supportive of the dollar, which makes dollar index level drops during the day, as well as the Chinese central bank's decision to form called an important metal prices with low yuan Chinese to levels not reach them since 1994.
But analysts and experts have Oharo during the day to continued high yellow precious metal with the decision PBOC weakening currency due to data showing slowing Chinese economy and on this basis, the weak yuan would increase China's competitiveness, especially in the export sector, the experts expected to continue rising gold during the period close to levels approaching $ 1,200 an ounce, according to their analysis.
