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China market welcomes gold ETFs

Posted on 27 November 2012

The ETF world is set for another historic jump as the Chinese are eyeing gold funds on their local exchanges. As its gold market continues to grow, China is set to surpass India’s gold consumption this year, opening the opportunity for gold ETFs that have dominated U.S. exchanges.
The Shanghai Gold Exchange (SGE) also has plans to launch an interbank market in the next few weeks as demand for this precious metal continues to surge………………………………………..Full Article: Source


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