Loading ...Still don’t get how that helps gold. China devalues, USD strengthens, gold in USD goes down. Demand is meaningless to miners because they sell in USD’s – they go down.
Sorry, still don’t understand why it is important to gold that China devalues. May be important to gold in Yuan terms, if you’re Dennis Gartman.
Bottom line is that gold has zero importance unless you have a weak fiat currency OR more importantly, some large country backs their fiat with gold.
The banksters have it fixed.