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China, Singapore boost gold pricing campaign in push for Asia

Reuters  |  SINGAPORE 

By Manolo Serapio Jr and Koustav SamantaSINGAPORE (Reuters) - China is marketing its yuan gold price to foreign exchanges and Singapore is looking at bringing London's gold benchmark to users in Asia, in moves meant to boost the region's exposure and influence in the global bullion market.Home to the world's biggest buyers China and India, Asia's importance has been on the rise as the key source of demand for gold, but the region's bullion traders are often exposed to intraday price volatility and foreign exchange risks with U.S. dollar-based benchmark prices being set out of London.Shanghai ...

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First Published: Mon, October 17 2016. 17:00 IST