Could yuan becoming part of the SDR be a gold game-changer?

My latest article on Seeking Alpha – A Change In The IMF’s Special Drawing Rights Could Be A Gold Price Game-Changer

Summary

  • If the Chinese yuan is accepted as a key participant in the IMF’s Special Drawing Rights, this could be a major game-changer for the U.S. dollar and thus for gold.
  • Gold moves down on negative news, but doesn’t recover the lost ground on positive news.
  • Being the world’s reserve currency gives the USD enormous power, which is hugely beneficial to the U.S. economy. China wants a piece of this.
  • China is a much more positive force towards gold’s place in the global economy than is the U.S.

To read the full article click on the link at the top of this page.

 

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