Do you know about Currency War?
Although the currency war started a while ago, yet the financial press realized this only recently and as expected China seems to be at the center of this war and is also teh primary aggressor in this context. At this point, the unexpected is happening and you can also see that Europe has also stepped up in their attempt to criticize China. The Euro area policymakers have been pressing China to make sure that their currency recovers at a past pace for more appreciation in the global market so that the balance of the world economy could be reached in a faster manner.
Since the credit crisis encountered in 2008, the price of gold has been steadily increasing. But, considering the circumstances, all countries are not looking forward to depreciate their currency values and you can very well notice that the Asian central banks are always intervening so that they can keep their currency values in balance in the global forex market and in this way they are trying to see if they can maintain certain semblance of competitiveness against China.