China set the yuan midpoint at its strongest level since February 2023. Gold at $4500 in August 2026 rises to 64.3% YES.

China set the yuan midpoint at its strongest level since February 2023. Gold at $4500 in August 2026 rises to 64.3% YES.

China’s yuan hovered near a 3-1/2-year high against the dollar, heading for a seventh weekly gain as PBOC support and fading Fed hike bets boosted the currency.