What’s going on in the US with the gold price?

Posted March 11, 2019 08:30:13The US dollar has soared since the beginning of March.

The Dow Jones industrial average had fallen for three straight days, while the S&P 500 index has lost more than 200 points in a month.

However, the rally is not the only reason why the US has been able to pull ahead of Japan in gold prices.

While the world’s two biggest economies have seen their gold prices tumble over the past week, a more significant trend has been emerging.

On Monday, China began an official devaluation of the yuan, the country’s main currency.

It was the first devaluation since the global financial crisis.

This devaluation will be accompanied by a massive pullback in the yuan’s value.

While China is the largest producer of gold in the world, it is the world leader in gold production.

Gold imports from China have plummeted, and this has created a huge demand for US-made gold.

In a move to support its dollar, China has been raising the gold import limit from US$1,200 to US$2,200 per ounce.

This means that if a buyer wants to buy gold in China, it will have to pay a premium to its value in the USD.

This could also make it more expensive for Chinese investors to buy US-produced gold.

The US has had a steady increase in gold demand from China since the end of last year.

The country’s economy has grown more than 10 percent per year and its inflation rate is around 4 percent.

China is not just seeking to boost its own gold imports.

As it seeks to reduce the cost of goods and services, it has also been tightening its currency controls.

The latest devaluation has made US-dollar trading more expensive and made it more difficult for US gold producers to access foreign capital.

The move has also put the US dollar in a position to gain market share in China.

China has been buying US-manufactured gold to fill its domestic demand for the precious metal, and the country has been increasing its purchases in response to US weakness in the dollar.

Gold is one of the world the biggest investments.

China’s gold reserves are around US$800bn.

Gold markets are still reeling from the massive sell-off in gold and silver prices that took place in early February, and it has been unclear whether the US would follow suit.

But the US is likely to make its mark in the global gold market.

Gold prices have rallied on both sides of the Pacific, with gold futures up more than 20 percent since March 1, according to Bloomberg Intelligence.

The price of gold rose by about 10 percent in Australia on Monday, while gold prices in China and South Korea rose by at least 15 percent.

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