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Commodities Briefing - Categorized | Bullion/Gold, Trading more

China Mulls Offshore Yuan Gold Trade in Free Trade Zone

Posted on 05 June 2014

China, the world’s largest bullion consumer and producer, is considering allowing the use of offshore yuan in gold trading in the Shanghai free-trade zone.
The Shanghai Gold Exchange, the country’s biggest physical bourse for the metal, is proposing to let holders of offshore yuan accounts trade the three contracts it will offer, including bullion of 99.99 percent purity, according to a draft of the plan obtained by Bloomberg News………………………………………..Full Article: Source


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