People’s Bank of China Increases Control of Country’s Gold Market

Precious Metals

Forbes 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.

Click here to read the full Forbes report.

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