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Dawn of the petroyuan, a golden broadside and lessons in engagement

Dawn of the petroyuan, a golden broadside and lessons in engagement

Oil and gold: ask any market watcher to pick a recent development in each commodity, and the answer is likely to feature prices. Brent crude is up, and the yellow metal is down. The drivers may differ – be it Opec resilience, stalling US rig rates, a slight ebb in war rhetoric, or a looming Federal Reserve hike – but as is often the case, near-term movements in prices invariably grab the headlines.

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