China to Launch Yuan Gold Fix by End of 2015
June 26, 2015 at 13:32 PM EDT
After launching the Shanghai Gold Exchange (SGE) last year to open the Chinese gold market to foreign capital, China has now announced plans to launch a yuan-denominated gold fix by the end of 2015. This is a strategic move that will give the world’s biggest bullion producer and consumer more influence over pricing. Many gold investors believe […]
