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China launches yuan gold fix in bid to gain more influence in metal pricing

Cecilia Jamasmie | April 19, 2016 | 6:18 am Precious Metals Asia China Europe Gold Silver 

China, the world's top gold producer and one of the biggest consumers, launched Tuesday a yuan-denominated gold price fix in an attempt to become a global price-setter for the precious metal. The gold benchmark launched by the Shanghai Stock Exchange is...

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