China Approves First Gold ETFs

Nasdaq reports that China will launch two gold bullion ETFs.

As quoted in the market news:

Chinese securities regulators approved for launch two gold bullion gold ETFs that will trade on the Shanghai stock exchange, bringing to investors in China an ETF concept that has been a smashing success in the U.S. but that has run into head winds in recent months as the 12-year gold rally falters.

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