China mounts gold liquidity grab as London market reforms
By GCRU Gold News on Wednesday, October 21 2015, 01:58 - Permalink
At the same time, China, the metal's largest consumer and producer, is aiming to become a price setter with its yuan-denominated gold benchmark by the end of 2015, a move that could beat any rivals' effort to increase market share.
"There are too many vested interests and China is likely to win the main prize, because it wants to influence the prices of the commodities it is the biggest user of,"