China and the U.S. are working on a deal that would see a smaller second round of quantitative easing in the U.S. in exchange for a more aggressive revaluation of the yuan, according to a rumour tweeted by Neil Hume of FT Alphaville.
Obviously, this may just be that, a rumour. But gold has moved lower in the past few minutes, and that may have something to do with the rumoured deal-making.
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