Bullion advances on Yuan devaluation

Note: This section contains information in English only.
Source: WBP Online
The yellow metal prices rose on Wednesday, staying above the psychological barrier of $1,100, as the Chinese national currency continued to slip further. Gold gained 0.77% at $1,116.20 by 07:11 AM GMT. The PBoC devalued the Yuan for the second time this week, adding more pressure on currency markets and sparking interest in safe-haven assets, such as precious metals including gold.
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