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China to launch interbank gold market
Financial Times – China is set to launch interbank gold trading at the end of next month amid a broader set of banking reforms, in a move that has the potential to boost demand for bullion in the world’s largest consumer. A spokesman for the Shanghai Gold Exchange confirmed that the exchange “has this plan” to create an interbank gold market and was working with other government agencies to do so, but declined to disclose details of how the new market would function. Read Article
Tags: Asia, energy resources, financial system
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