China has granted licenses to import gold to two foreign banks for the first time, sources said, as moves to open the world’s biggest physical bullion market gather pace.
Allowing more banks to import gold could increase the supply of the metal into the country, easing local prices that are higher than in most Asian nations.
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A. Ananthalakshmi and Fayen Wong, Reuters via CHINA US Focus http://ift.tt/19uDWWc
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