• Home »
  • »
  • MCX Gold Tips : Bullion Bulls take charge on Yuan turmoil as on 13 August.

MCX Gold Tips : Bullion Bulls take charge on Yuan turmoil as on 13 August.

The yellow metal soared on Wednesday, recording gains topping 2 per cent as China’s stunning move to devalue its currency roiled global financial markets, boosting the safe haven demand for Gold.
China cut its daily yuan reference rate by 1.6% following 1.9% devaluation on Tuesday, rekindling fears over the start of a fresh Asian currency war, prompting a flight from risky assets and forcing traders to seek shelter in the safety of the precious metal.
For More Details MCX Gold Tips