World Gold Council welcomes Shanghai gold trading

CHINA - The World Gold Council has welcomed the successful launch this week of trading in physical gold on the new Shanghai Gold Exchange. Trading started on Wednesday, October 30, and in the three days since more than 790 kilos of gold bullion has changed hands.

China formally launched trading in physical gold on the Shanghai Gold Exchange following nearly a year of simulated trading, Business Wire reported on Friday. It marks the end of more than 50 years of absolute control by the central b