A bit more new on this....
UPDATE 1-China launches yuan gold fix to boost power in global bullion market
19/04/16 16:50
- Top consumer China launched a yuan-denominated gold benchmark on Tuesday, as the country took an ambitious step to exert more control over the pricing of the metal and boost its influence in the global bullion market.
The benchmark is a culmination of efforts by China over the last few years to reform its domestic gold market in a bid to gain a bigger say in the bullion industry, long dominated by London where the global spot benchmark price is set. 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.
The new benchmark may not be an immediate threat to London, but with time and full convertibility of the yuan it could become widely used and help China's efforts to boost the global use of its currency.
- Forums
- ASX - By Stock
- PRX
- Ann: ABU ABM Resources NL - Declaration of UC and Order-TOV,ABU
Ann: ABU ABM Resources NL - Declaration of UC and Order-TOV,ABU, page-35
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
NVA
Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter
Add PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $5.294M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $1.388K | 556.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 23213615 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 16131856 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 22088615 | 0.002 |
27 | 77550599 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 16131856 | 20 |
0.004 | 12573192 | 18 |
0.005 | 5995870 | 10 |
0.006 | 2966667 | 6 |
0.007 | 7600000 | 3 |
Last trade - 14.02pm 26/07/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |