China Approves First Gold ETFs

Precious Metals

Nasdaq reports that China will launch two gold bullion 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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