Silver Market Morning: Jan 6 2017 - Shanghai pulling London and New York prices higher!

Snippet: 
Yesterday the People’s Bank of China stepped into the foreign exchange market to try to restrain the fall in the Yuan and managed to pull the Yuan higher with it reaching 6.86 at one point. But as you can see this has been short-lived as the currency sank back to 6.9211 today, despite a weaker dollar. The recent fall in the Yuan has been due to a strong dollar and not a weak Yuan. But China is conscious of the Trumped up charge that it is a ‘currency manipulator’. The evidence is otherwise with the Yen, euro and sterling providing more evidence of such than China.

Gold Today

Friday, January 6th

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First published here: Silver Market Morning: Jan 6 2017 - Shanghai pulling London and New York prices higher!

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