China says they will set new gold price by end of year

[IdahoCopper]

http://www.examiner.com/article/china-announces-they-will-be-setting-new-gold-price-by-end-of-year


"On June 25, a representative from the Shanghai Gold Exchange announced that they are planning on establishing a new physical gold price mechanism by the end of the year that will compete with London and the U.S. Comex. "