US equity markets are floundering around the flatline but both gold and offshore yuan are suddenly aggressively bid out of nowhere...
Stocks are clinging to green...
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As Yuan spiked to overnight highs...
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Source: Bloomberg
Gold is jumping...
(Click on image to enlarge)
Source: Bloomberg
And so is Silver...
(Click on image to enlarge)
Source: Bloomberg
A catalyst is unclear though some have argued this is related to China's large USD bond issuance.
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