http://www.reuters.com/article/china-gold-fix-idUSL3N17G2W4
Top Chinese banks, alongside
Standard Chartered and ANZ, will be among 18
members to join a new yuan-denominated gold benchmark that
signals China's biggest step towards becoming a price-setter for
the metal.
As the world's top producer, importer and consumer of gold,
China has baulked at having to depend on a dollar price in
international transactions, and believes its market weight
should entitle it to set the price of gold.
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