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Commodities Briefing - Categorized | Bullion/Gold, Trading Platforms more

China’s new gold exchange platform to bow

Posted on 03 December 2012

China’s gold market could get a boost from the debut of interbank trading on Monday, with analysts saying the move will enable traders to swap bullion in larger amounts and heighten the appeal of the metal as an alternative investment class.
Trades will be cleared and delivered under the auspices of the China Foreign Exchange Trading System, a subsidiary of China’s central bank, according to a Thursday statement by the Shanghai Gold Exchange………………………………………..Full Article: Source


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