United States Oil Fund (USO): China's New Gold-Backed Oil Futures Cont...

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Thursday, 09/14/2017 6:26:56 PM

Thursday, September 14, 2017 6:26:56 PM

China's New Gold-Backed Oil Futures Contract Cuts Out U.S. Dollar
Sep. 6, 2017 11:05

Here's a new bullish factor flying under the radar: China has created an oil benchmark based on gold, effectively cutting out the U.S. dollar.

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