CHINA TO BRING BACK GOLD IN INTERNATIONAL SETTLEMENT WITH NEW OIL FUTURES $GLD $SLV $GDX $GDXJ $DUST $NUGT
China is planning to bring back gold standards for international payment after several decades. Being the world’s largest importer of yellow metal, China is now preparing to launch an oil futures contract denominated in yuan and redeemable in gold. While the yuan is not yet a global trade settlement currency,