Golden path to dominance: RMB takes first step to conquer commodities
The launch this month of an international trading board at the Shanghai Gold Exchange (SGE) in the city’s free trade zone (FTZ) has sparked a surge of interest in gold trading with China and marks an important step in using commodity markets to pursue the country's goal of renminbi internationalisation. The board, which launched on September 18, allows foreign parties to trade RMB-denominated gold contracts for the first time.
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