The New London Gold Fix And China’s Gold Strategy

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The New London Gold Fix And China’s Gold Strategy (ZeroHedge, March 12, 2015):

China now has the opportunity to take a dominant role in London, without having to direct its order flows through the fixing banks. Therefore, it is no exaggeration to say that from 20th March, China will be able to control the global physical gold market, which will permit her to manage the price. She has the deepest pockets, backed by the largest single stockpile.

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