China’s currency hits 16-month low on Trump tariff fears
- China's currency has fallen to a 16-month low due to fears of tariffs under U.S. President-elect Donald Trump.
- Gold prices are affected by the dollar's strength, with Goldman Sachs predicting gold will reach $2,900 an ounce by the end of 2025.
- Copper prices steadied as investors anticipate more economic stimulus measures from China amid trade pressures.
- Trump denied plans to impose less strict tariffs, increasing uncertainty about global trade policies.
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