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How Gold has become a hedge against a 'weaponised' US Dollar for countries like China, Russia and others
The chaos of the US-China trade war has left markets reeling as tariffs and Trumpian tweet storms beat down valuations and open the door to a recession. The yuan/US dollar relationship spiked to 7.16 on September 2. Central banks in the US, Thailand, India and New Zealand have cut their rates in expectation of further fallout, and analysts in Hong Kong have wrung their hands over concerns of capital flight – a risk exacerbated by the ongoing local political uncertainty. In the midst of this chaos, a familiar haven asset has shot back into the limelight. The recent spike in gold prices to over US$1,500 per troy ... (full story)