Gold vs Chinese Yuan Today - XAU CNH Chart


XAU CNH Price Today

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Status:Closed Trading
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About this chart

About this chart

This page includes full information about the XAU CNH, including the XAU CNH live chart and dynamics on the chart by choosing any of 8 available time frames. By moving the start and end of the timeframe in the bottom panel you can see both the current and the historical price movements of the instrument. In addition, you have an opportunity to choose the type of the display of the XAU CNH live chart – Candles or Lines chart – through the buttons in the upper left corner of the chart.All clients that have not yet decided which instrument to trade are in the right place since reading full characteristics of the &XAUCNH and watching its performance on the charts will help them to make their final decision.
It is easy to find any instrument since there is a filter for instrument types, offered by IFC Markets, and once the type is chosen, the list of all instruments can be seen right next to that filter.


Description

Personal composite instrument called «&XAUCNH» reflects the price dynamics of Gold against the Yuan. The base part of this instrument is composed of 1 ounce of gold, and the quoted part – 1 Chinese yuan. The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.

The trading instrument &XAUCNH is used for the analysis and trade of gold quoted against one of the most promising Asian currencies - the Chinese yuan. The CNH is used as a component asset of the instrument, it was introduced into circulation by the Hong Kong Department of currency circulation and the Peoples Bank of China to enable the investors outside the mainland China to raise capital in Chinese currency. The turnover of precious metals, especially gold, historically plays an important role in the economy of China. Most gold trading takes place on the Shanghai Gold Exchange.

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