biggest market for spot gold trading
SHANGHAI, Jan. 26 (Xinhua) -- The spot gold trading market in China has topped the world for the ninth-straight year with trading volume exceeding 10 trillion yuan (1.5 trillion U.S. dollars) in 2015, the Shanghai Gold Exchange said on Tuesday.
The exchange said its trading volume surged 68 percent in 2015 from that registered a year earlier.
Shanghai Gold Exchange chair Jiao Jinpu said the exchange would develop derivative products and become a center for global pricing.
Shanghai Gold Exchange is the world's biggest venue for spot gold trading with more than 10,000 institutional investors.