China boosts presence in global markets through gold fund
Q. Which country is boosting its influence in global gold markets by establishing its largest gold investment fund led by Gold Exchange?- Published on 13 Jun 15a. China
b. United States
c. South Africa
d. Australia
ANSWER: China
China is boosting its influence in global gold markets by establishing its largest gold investment fund led by Shanghai Gold Exchange, which is expected to raise about 100 billion yuan, 16.1 billion dollars. China has established its largest gold-investment fund in northwest China's Xi'an City aiming to bolster Beijing's role in global gold trade. The fund may also boost China's power over the world gold market. Indeed, Asia's gold demand is growing rapidly, accounting for more than 70 percent of the global total. Today China is the world's largest gold producer.
