3rd annual Asia Gold Focus 2011

The year 2011 begins with an in-tranquil international situation, embodied by the Japanese tsunami in the east, and the Libyan upheavals in the west. Against the backdrop of widely-fluctuating gold price, changeful external environment, uncertain policies and rising derivatives market, CBI updates you of the four pillars of the current gold market:

Pillar One: Gold merchants and banks respond to new polices!
Since the “Rectification Notice on Comprehensive Member Units Conducting Individual Agency Business” was issued in 2009, the market segmentation between commercial banks and traditional gold markets has seen hot disputes and no agreement among many views. The subsequently-issued “Opinions on Facilitating Development of Gold Market” gave rise to the “double-track mode”, requiring parallel development between physical gold and gold derivatives. ……More>>