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UBS's Sharon Ding says much of the negative news for gold may already be priced in. Gold has fallen around 5% since early September as persistent inflation concerns revived expectations for further Fed rate hikes.
0328 GMT - The Chinese yuan is undervalued by as much as 25%, Jonas Goltermann, chief markets economist at Capital Economics says in a note. Reducing China's trade surplus to a broadly balanced position would necessarily involve the yuan's significant appreciation, he says. That said, exchange rate adjustment alone wou