China said to delay launch of yuan gold benchmark to April
via The Times of India, Mumbai
Thursday, December 10, 2015
SINGAPORE -- China has delayed the launch of its yuan-denominated gold benchmark on the Shanghai Gold Exchange to next year, two sources familiar with the matter said.
The yuan price fix would mark one of China's biggest steps so far towards capitalizing on its position as the world's top producer and consumer of gold. State-run SGE had initially planned to launch the benchmark by the end of this year but it will now be launched in April.
The reason for the delay was not immediately clear. The exchange was without a chairman for nearly six months before it named a central bank official as the head of the bourse in late October.
"It will start in April with Chinese banks and some foreign banks," said a source with a local bank that imports gold. "Jewellers, miners, and banks could use this price as a benchmark." ...
... For the remainder of the report:
Silver Coins and Rounds with Employee Pricing and Free Shipping
Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion Directory.
Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page.
This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping.
So go to --
-- and type "GATA" in the radio box at the top of the page.
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: