Gold Grinds Higher as China's Curbs Spur Safe-Haven Demand

Risk appetite diminished as China surprisingly announced measures to curb capital inflows. Fed's policy to buy $600B of US Treasury securities and commitment to employment necessary tools to revive the economy has exacerbated weakness in USD and spurred capital flows to emerging markets.

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Gold Grinds Higher as China's Curbs Spur Safe-Haven Demand