A sales assistant arranges gold necklaces in China as the country's central bank is expected to approve soon the launch of a yuan-denominated gold fix. Photo: Reuters

China central bank seen approving yuan-denominated ‘gold fix’ soon

The world’s top gold producer and one of the biggest consumers wants to be a price-setter for bullion...around 15 Chinese banks are expected to participate

A sales assistant arranges gold necklaces in China as the country's central bank is expected to approve soon the launch of a yuan-denominated gold fix. Photo: Reuters
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