The Shanghai Gold Exchange Delivers Another 45 Tons of Gold in the First Week of March

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Smaulgld
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The Shanghai Gold Exchange Delivers Another 45 Tons of Gold in the First Week of March

The Shanghai Gold Exchange continues to deliver massive amounts of physical gold. Withdrawals from the SGE were 44 tons for the week ended March 6 2015.

To date the Shanghai Gold Exchange has delivered over 457 tons greater than China's annual mining production which is the largest in the world.

chinese gold mining production 2000-2014 for post

https://smaulgld.com/shanghai-gold-exchange-withdrawals/

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Strongsidejedi
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bloomberg report

First time posting back on this board in over six months...

just heard a story on Bloomberg Asia but not on the Bloomberg.com website that China may have halted trading on SGE of gold futures contracts.  Is that correct?

Strongsidejedi
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bloomberg asia broadcast report

Bloomberg's asia outlet was reporting that Chinese government officials halted futures contract trading due to a pending decision from LBMA on changes to the gold price fix and futures contracts.

Does anyone else have this info confirmed?  there is no confirmation on any other website.

bloomberg stated that if there was open interest, that trade could be continued but no new contracts would be written... it wasn't quite clear if the Bloomberg story pertained to HK or Shanghai.

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