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How China could claim a much bigger slice of the world's gold-trading business
China reportedly has plans to invite some countries to buy physical gold and store it within its borders, in the country's latest move to expand its reach into the international market for the precious metal. When it comes to gold, China is the world's biggest miner, a net importer, a large central-bank buyer and a key consumer nation - but it "lacks any kind of bullion banking market, and trading through the Shanghai Gold Exchange remains very much domestic," said Adrian Ash, director of research at BullionVault. China's central bank, he noted, is "keen to change all this." The People's Bank of China (PBC) plans to ... (full story)
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- Sep 23, 2025 6:15pm Posted byFundamental Analysis253
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- From federalreserve.gov|Sep 23, 2025|73 comments