China bans creation of new gold exchanges - News - Dukascopy Bank

Wed, 28 Dec 2011 09:35:50 GMT
Source: China.org.cn
 
© Scanpix/AFP

The PBOC announced it will ban the creation of new gold exchanges as well as any setting up of gold trading platforms on the already existing exchanges.  The move aims combating with illegal practices involved in the gold trading as the number of gold exchanges has increased dramatically in recent years on the surging yellow metal's prices with soaring malpractice on the gold exchanges.


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