Bank of China Ltd. will become the first Chinese bank to
join
- the auction process
- that sets gold prices.... in the London market.
The bank, along with seven other lenders, will start participating
in the twice-daily electronic auction, according to a statement
from the London Bullion Market Association on Tuesday.
- While China is the world's largest bullion buyer,
- it has never directly played a role ....in determining London
gold prices.
All while China...
Posted by saturn6 on 17th of Jun 2015 at 01:03 pm
Bank of China Ltd. will become the first Chinese bank to join
- the auction process
- that sets gold prices.... in the London market.
The bank, along with seven other lenders, will start participating in the twice-daily electronic auction, according to a statement from the London Bullion Market Association on Tuesday.
- While China is the world's largest bullion buyer,
- it has never directly played a role ....in determining London gold prices.
Http://www.bloomberg.com/news/articles/2015-06-16/bank-of-china-to-participate-in-lbma-gold-pricing-lbma-says
Should demonstrate - If China - has just been a player all along
- "in the London... Game" ... or perhaps ...not