The Headlines – China gold licences: Yellow metal’s largest buyer to ease rules; continues to diversify away from dollar reserves

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The Headlines – China gold licences: Yellow metal’s largest buyer to ease rules; continues to diversify away from dollar reserves

China is easing gold import/export licensing, aiming to diversify reserves from the US dollar. The People’s Bank of China (PBOC) plans to broaden the use of faster “multi-use permits” by increasing authorized ports and extending permit validity. This builds on a 2016 initiative to streamline gold trade.

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