CME, YUAN, AND GOLD

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#1 Sun, Mar 4, 2012 - 4:33pm
Jimux
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CME, YUAN, AND GOLD

I was wondering what people think the implications for the price of gold if the CME starts to settle gold in yuan.

https://www.chinadaily.com.cn/cndy/2012-03/01/content_14726318.htm

There have been a couple of reports regarding China (and India) being unhappy with the negative impact on their trade balance due to the imports of gold, especially at these prices. I'm guessing the settlement in Yuan would solve this issue.

Was PAGE killed in part due to this move?

Will this enable the BB's to maintain more or less control over the price?

Edited by: Jimux on Nov 8, 2014 - 5:30am
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