The Chinese bought a lot of gold some time ago, causing the gold and U.S. dollar charts to diverge. This deviation is being erased
Note
Why are Chinese people buying gold like crazy? Because the Chinese economy is collapsing, the People's Bank of China controls foreign exchange, and Chinese people can only buy gold to prevent currency depreciation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.