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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Trading more

China mulls opening door on gold market

Posted on 15 November 2012

Financial authorities in China are considering measures which would make it easier for foreign investors to participate in the country’s largely isolated gold derivatives market, a move which would hasten the integration of the local precious metal market with the global market, Xie Duo, general director of the financial market department at the People’s Bank of China, said Monday at the annual London Bullion Market Association conference. Xie did not offer a timeline or further details.
Such a plan, if brought to fruition, could also eventually give the country more control over international gold prices, according to experts contacted by the Global Times………………………………………..Full Article: Source


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