After
climbing to a three-week high as traders worried that China's surprise move to
devalue the yuan could spark retaliatory action from competitors, the precious
metal slid 0.7 per cent to close at US $1,115.60 a troy ounce in New York
trading overnight. Gold's reversal comes as China's central bank reassured
jittery markets that it does not want its currency to collapse...Read More
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