China plans yuan-denominated gold fix this year - sources A. Ananthalakshmi 16 Hours Ago Reuters SINGAPORE, Feb 27 (Reuters) -
China plans to launch a yuan-denominated gold fix this year to be set through trading on an exchange, sources familiar with the matter said, as the world's second-biggest bullion consumer seeks to gain more say over the pricing of the precious metal.
CME Group Inc launched a physically deliverable gold futures contract in Hong Kong earlier this year, while the Singapore Exchange launched a 25 kg contract last year.
(Editing by Alan Raybould) MORE FROM CNBC
The Cure That Will Shock The World – Reset Gold Price To $5,000 or $10,000! Richard Russell Just Exposed A Coming Event That Is Going To Shock The World! - February 25, 2015
GOLD Chart TI P&F TA Bullish Price POG Obj. $1570.-/oz 1st Target -
CALVF Chart TI P&F TA Bullish price objective $4.38 per share 1st Target -
CALVF - Africa's lowest cost gold producer - doing very well - Ex. CALVF - NO DEBT - CASH >$27 million in London banks - CALVF - Paying 8% Dividend - CALVF - Gold produced @ $599/oz - CALVF - Sold 51% of Blanket Mines for >$30 million - - to mine workers and their community etc. - CALVF - collecting 10% on the >$30 mil. to payed in full - CALVF - Managing the Blanket Gold Mines -