The American Empire in a Changing World


Monday, December 3, 2012

''China all set to launch inter bank Gold market trade''

From Bullion Street

''Three months behind schedule,China would finally launch interbank trading with gold contracts on Monday that will help more market forces to influence the countries commodities exchange.

The move will enable traders to swap bullion in larger amounts and heighten the appeal of the metal as an alternative investment class.

Shanghai Gold Exchange said trades will be cleared and delivered under the auspices of the China Foreign Exchange Trading System, a subsidiary of China’s central bank.''

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