China Market Welcomes Gold ETFs

The ETF world is set for another historic jump as the Chinese are eyeing gold funds on their local exchanges. As its gold market continues to grow, China is set to surpass India’s gold consumption this year, opening the opportunity for gold ETFs that have dominated U.S. exchanges. The Shanghai Gold Exchange (SGE) also has plans to launch an interbank market in the next few weeks as demand for this precious metal continues to surge [for more gold news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: The Dangerous Sign Jim Rogers Sees For Gold Overseas Gold ETFs: Safer or Gimmick? Physical Gold ETF Inflows: GLD Takes Commanding Lead What Will a President Romney Mean for Gold? Get Ready For the Gold Bull Run