HIGH DEMAND: We cannot guarantee our usual delivery service. Orders will be dispatched within 1-3 working days.

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1266.03 £40.704
Silver £14.013 £0.4505

Updated 18:54 25/02/20

£ $

China Invites top foreign banks to the Global Gold Exchange


Adam Pike, News Editor
27 May 2014, 11:15 a.m.

China has invited the world’s top banks and largest gold miners to take part in Shanghai’s new global gold exchange. China has opened the exchange in the hope it can challenge New York and London’s dominance in the trading and pricing of precious metals.

Apparently the Shanghai Gold Exchange has approached the Bank of Nova Scotia, Australia and New Zealand Banking Group, HSBC, Standard Chartered and Standard Bank.

The Chinese are keen to attract both international and domestic institutions to make the exchange as influential as possible

Last year China consumed 1,065.8 tonnes of gold and overtook India as the world’s largest consumer of gold.

View original source at: www.metal.com

comments powered by Disqus