On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0753 compared to the previous day's fix of 7.0773.
According to a report by the Bank for International Settlements (BIS), the rise in Gold prices since the beginning of September has been amplified by speculative purchases by retail investors, thereby decoupling Gold from typical patterns of behavior such as that of a safe haven.
Private sector employment expanded over the latest month, with companies adding an average of 4,750 jobs per week in the four weeks ending November 15, according to data released Tuesday by Automatic Data Processing (ADP).