The steering committee of gold industry trade bodies has submitted a blueprint for the proposed spot gold exchange. The framework provides detailed outline on membership structure and product specifications, in addition to guidelines for setting up the exchange. According to the committee, the spot exchange must have a tiered and flexible membership structure. It also recommends that all the members of the exchange must meet a minimum net worth requirement. With regards to products offered by the exchange, the committee insists that the products should appeal to broad range of customers. At the same time, it should ... (full story)