Gold Yuan: Post-Dollar World Order Emerging in Eurasia
Ekaterina Blinova
SputnikNews.com
15.09.2016
A ‘post-American’ and ‘post-dollar’ multipolar world is struggling to be born. In an interview with Sputnik geostrategic analyst Mathew Maavak and CNTV editor Tom McGregor shed light on current geopolitical trends and prospects of Eurasia’s integration process.
Back in April 2016 China launched a yuan-denominated gold price fix on the Shanghai Gold Exchange (SGE), while in June Hong Kong Exchanges and Clearing Ltd. signaled its readiness to introduce a physically-delivered gold futures contract, settled in yuan and the US dollar in September.
“Asia, the top bullion-buying region, has seen several gold contracts launched in the last few years as it clamors to gain pricing power over the metal,” Reuters reported on June 14.
The Rest…HERE
