U.S., China are on verge of ‘historic’ trade deal, Kudlow says
“The U.S. and China are on the cusp of an ‘historic’ agreement that would commit Beijing to cut subsidies for state-owned companies and disclose when its central bank intervenes in currency markets, a top White House adviser said.”
USAGOLD note: The details are beginning to come out on the deal apparently being struck between the U.S. and China on trade. Many gold market analysts believe that a settlement would be good for gold. One that includes formalities to keep the yuan relatively strong against the dollar could be even better. . . . .