Foreign banks in China could face curbs if they snub gold benchmark
By GCRU Gold News on Tuesday, January 5 2016, 23:52 - Permalink
China has warned foreign banks it could curb their operations in the world's biggest bullion market if they refuse to participate in the planned launch of a yuan-denominated benchmark price for the metal, sources said.
The world's top producer and consumer of gold has been pushing to be a price-setter for bullion as part of a broader drive to boost its influence on global markets.