China is weighing plans to establish overseas warehouses for the Shanghai Gold Exchange, in a move to boost international settlement of yuan-denominated gold contracts and expand the global use of its gold benchmark.

Data and Financial Journalist
China is weighing plans to establish overseas warehouses for the Shanghai Gold Exchange, in a move to boost international settlement of yuan-denominated gold contracts and expand the global use of its gold benchmark.
Central bank purchases have been key in driving up gold, often considered a haven in times of uncertainty and turmoil. Global uncertainties and the Federal Reserve slashing interest rates this year giving bullion a lift.
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