China - Gold exchange may be coming

CHINA - China plans to establish a National Gold Exchange (NGE) this year, another step towards reforming its gold trading market.

"A nine-member panel has been formed in the central government to lead and plan details for the establishment of the exchange," said a source in Shanghai who declined to be named. "Another preparatory committee will be formed soon."

Shanghai is the most likely location for the exchange, though the central People's Bank of China (PBOC) would not confirm this early la