TeleTrade - Analytics

TeleTrade

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12.08.2015 06:42 Gold advanced

Gold climbed for the fifth session in a row. It reached $1,112.20 ( 0.41%) after Tuesday's surprise 2% devaluation of the yuan hit equities around the globe. This morning the yuan fell further. However bullion's potential gains are limited by expectations of a rate increase in the U.S. in the coming months. Economists believe that China's currency devaluation is unlikely to cause the Fed give up its plans.



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