Gold & Yuan Are Suddenly Surging

US equity markets are floundering around the flatline but both gold and offshore yuan are suddenly aggressively bid out of nowhere…

Stocks are clinging to green…

As Yuan spiked to overnight highs…

Source: Bloomberg

Gold is jumping..

Source: Bloomberg

And so is Silver…

Source: Bloomberg

A catalyst is unclear though some have argued this is related to China’s large USD bond issuance… Or…

Is CNH frontrunning Trump’s next trade deal tweet

— zerohedge (@zerohedge) November 26, 2019