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Old 20-04-2016, 03:35 AM
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Default China Gold Bullion Yuan Trading Opens…Gold & Silver Promptly Go Vertical!

Well, THAT didn’t take long…



China launched yuan denominated gold bullion trading today in a move that will further boost its power in the global gold and fx markets. Critics of the existing pricing mechanisms hope that it will lead to increased transparency and may end price manipulation.

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Old 20-04-2016, 03:40 AM
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Default China Launches Yuan Gold Fix To "Exert More Control Over Price Of Gold"

Overnight a historic event took place when China, the world's top gold consumer, launched a yuan-denominated gold benchmark as had been previewed here previously, in what Reuters dubbed "an ambitious step to exert more control over the pricing of the metal and boost its influence in the global bullion market."

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Old 28-04-2016, 06:42 PM
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sorry. havent' they been trading that for quite a while ? was that in USD ?
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