MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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GOLD: China Resumes Purchases Spurring Prices. 

GOLD
Metals bulletBulletMarketsFixed Income BulletsForeign Exchange BulletsCommodities
  • Gold prices rose as the PBOC included gold bullion to its reserves for the first time in six months.
  • Gold reserves with the PBOC rose 160,000 ounces in November according to data released over the weekend.
  • In a move suggesting possible measures are being implemented to ward off currency depreciation, the resumption occurs at a time when prices are expensive levels.
  • The PBOC had added to its reserves until April, before a pause.
  • Prices got a bump today from the news up +0.19% to US$2,638.31.
  • Stocks of Gold miners rallied throughout the region on the news. 
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  • Gold prices rose as the PBOC included gold bullion to its reserves for the first time in six months.
  • Gold reserves with the PBOC rose 160,000 ounces in November according to data released over the weekend.
  • In a move suggesting possible measures are being implemented to ward off currency depreciation, the resumption occurs at a time when prices are expensive levels.
  • The PBOC had added to its reserves until April, before a pause.
  • Prices got a bump today from the news up +0.19% to US$2,638.31.
  • Stocks of Gold miners rallied throughout the region on the news.