http://www.kitco.com/news/2016-02-25/Analysts-Not-Surprised-Yuan-Gold-Fix-Could-Be-Launched-In-Two-Months.html
While there are still a lot of unknowns and
question in the marketplace, it appears that the Shanghai Gold Exchange
is preparing to launch a yuan-denominated gold fix within two months.
According to media reports, quoting unnamed sources, China is
planning to launch its yuan gold fix April 19 and draft rules have been
sent to 10 participating banks.
However, there has been no official comment from the SGE on the new
Chinese gold benchmark. News reports from the summer said that the SGE
was planning to have a yuan gold fix up and running by the end of
2015.
Although there is no confirmed fixed date analysts are not surprise
of an approaching yuan-gold fix as China fulfills its goal to become
an international gold-trading hub.
Once the yuan gold fix occurs, it will be interesting to see if the LBMA/COMEX daily fix follows, or the two locations move in lockstep fashion.
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