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.” Considering the now officially-confirmed rigging … Read moreChina Launches Yuan Gold Fix To “Exert More Control Over Price Of Gold”