The Shanghai Gold Exchange (SGE), the world's largest physical volume of transactions, decided to limit the volume of gold lump trade to limit the influence of institutional investors on the price.
Exchange halve the limits on transactions, up to 500 kg on some spot contracts on gold since 1 January, according to a statement the exchange.
The new limit, which costs about $ 20 million based on current prices, suggests the focus on institutional investors, such as banks and hedge funds.
The turnover of the stock exchange has grown, the demand for gold from Chinese retail investors as a safe-haven increased. In November, the trading volume reached 3.4 million kg, which is a month high of 2016.
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