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China advances gold exchange launch; Singapore delays contract

- Chris Powell - GATA

Does this mean we will get a seperate physical gold price divorced from paper short manipulators? That's the $64,000 question.

Commented 3503 days ago

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Beginning of the headline :SINGAPORE -- China will launch its international gold exchange 11 days ahead of schedule, sources said today, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues. Asia, home to the world's top two gold buyers -- China and India -- has been clamouring to gain pricing power over the metal and challenge the dominance of London and New York in trading. The state-run Shanghai Gold Exchange will launch the g... Read More

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