China to trade gold futures contracts
By Jamil Anderlini in Beijing
Published: December 28 2007 18:13 | Last updated: December 28 2007 18:13
Beijing on Friday approved the launch of China’s first gold futures contracts, with simulated trading on the Shanghai Futures Exchange set to begin on Wednesday.
The exchange is expected to begin selling real renminbi-denominated contracts soon after and is preparing for huge demand from the rapidly expanding number of Chinese producers and consumers.
good for the Goldprice!!
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