China is planning a broader launch date this year for Yuan-denominated gold futures contracts.
The Chinese government contends that the market just isn’t getting it right.
Global gold demand in Q1 2017 was 1,034.5t.
The yuan fell to an 8-1/2-year low in November and has dropped 6% against the dollar so far this year despite the government’s efforts.
Foreign investors had reasons to fear the Chinese economy due to its foreign exchange rate policies. But is it all psychology?