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People’s Bank of China Increases Control of Country’s Gold Market
Dec. 28, 2011 10:18AM PST
Precious Metals InvestingForbes reported that China’s Central Bank is placing a tighter hold on the gold market by implementing trading restrictions.
Forbes reported that China’s Central Bank is placing a tighter hold on the gold market by implementing trading restrictions.
As quoted in the market news:
On Tuesday, the PBoC decided to ban local regions, institutions, and individuals from setting up gold exchanges, while prohibiting other exchanges from establishing any gold trading platforms.
