Shanghai launches yuan gold fix
By Wu Yiyao in Shanghai | China Daily | Updated: 2016-04-20 09:14
New measure could help China gain more pricing power in the global bullion market
The Shanghai Gold Exchange, the world's largest physical gold bourse, on Tuesday launched a yuan-denominated gold benchmark.
The Shanghai Gold Benchmark Price could help China gain a pricing power that matches its position as the world's top producer, importer and consumer of the precious metal.
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