China’s Currency Ambitions Could Lift Gold Market, ETFs
April 21, 2015 at 10:30 AM EDT
As China pushes to make its yuan currency a global competitor to the U.S. dollar, the country could stockpile bullion to bolster its reserves, potentially lifting gold prices and related exchange traded funds. Year-to-date, the SPDR Gold Shares (NYSEArca: GLD) rose 1.8%, iShares Gold Trust...