Have the Chinese pegged the gold price?
By GCRU Gold News on Monday, July 30 2018, 23:51 - Permalink
My story about the Japanese government pegging the gold price makes as much sense as the stories about the Chinese government pegging the gold price.
Have the Chinese pegged the gold price?
What many forget when casting aspertions about the gold price being linked to a specific forex is that all these currencies have the USD linked as one side of the forex pair ie USD/ JPY - USD/CNY & that the USD does have a direct bearing on the Gold price due to gold being priced in USD.