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SGEx Plans Gold ETFs Launch
The Shanghai Gold Exchange is considering rolling out gold exchange-traded funds.
TheShanghai Gold Exchange(SGEx) is considering rolling out gold exchange-traded funds (ETFs),Commodity Onlinereports. The exchange has not set any date for the launch yet.
At present, majority of Chinese investors acquire physical gold or invest in gold futures on the SGEx or theShanghai Futures Exchange(SHFE). China’s biggest commodities market, the SHFE, expects to roll out silver futures by the end of this year, addsGlobal Times.
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