LONDON, 17 October 2011 - Comment from BullionVault is included today in a report on the latest step in China's deregulation of investment gold trading.
The Chinese Gold & Silver Exchange today launched a new gold product, denominated in the Chinese currency rather than US Dollars, and dubbed the "Renminbi Kilobar Gold". It "is designed to appeal to both retail and institutional investors," reports MarketWatch, the financial news wire from the Dow Jones publishing stable which boasts 16 million visitors each month.
"The launch of the contracts is really less a development for gold than another step in the Yuan's internationalization," MarketWatch quotes Adrian Ash, head of research at BullionVault.
You can read the full MarketWatch report here...
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