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Dubai & China trading partnerships seen as key to gold

from Truth in Gold:

Dubai will play an important role in the flow of gold to China as the latter aims to continually open its domestic markets to the international stage in a bid to become the world’s gold trading hub, sources said this week. During a panel discussion at the Dubai Precious Metals conference, Song Yuqin, deputy general manager of the Shanghai Gold Exchange, said through a translator that China has “huge potential” for grabbing future gold trading and demand.

Alongside Albert Cheng, World Gold Council’s managing director for the Far East, the pair discussed the Chinese government’s “one-belt, one-road” philosophy.

Described as a revamped “Silk Road” trade corridor from West to East.

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