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China’s central bank extended a key policy loan at the same borrowing cost, signaling an intention to aid a nascent economic recovery without adding pressure on the yuan. The People’s Bank of China offered 125 billion yuan ($17.3 billion) via its medium-term lending facility Wednesday, matching the amount of such loans maturing this month. The central bank ...
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Gold’s price appears to have moved higher since our last report, following the developments in the Middle East. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of ...